This has been the stock of the month for us and it looks like we are getting another buy signal for Hercules Offshore, Inc. (Ticker: HERO). Last week we sold out of our long position in order to take a quick profit. I also mentioned that we would have to wait for the gap to fill before getting back in. Now that the gap has filled, the stock is showing a perfect green candle pivot point that is bouncing off of the short-term support level. Be sure the
stock holds support at the $3 level because if it breaks down below this point the traders will stop themselves out and this could drive the stock lower.
Equity Oracle: 06/28/2012
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