Thursday, May 3, 2007

Helix (HLX) - Uptrend is over

Helix Energy Solutions Group operates as an offshore energy company. It provides development solutions and various other services to the open energy market, as well as to its oil and gas operations market. The company offers a range of contracting services in the shallow water and deepwater primarily in the Gulf of Mexico, North Sea, and Asia Pacific. Its services include exploration services, such as pre-installation surveys, rig positioning and installation assistance, drilling inspection, subsea equipment maintenance.
Till the end of year 2007 the stock were floating w/o signifacant trend. I've traded this stock based on Slow stochastic. From the beginning of the year shares rebounded also because of crude oil rise. Yesterday company came up with disappointing financial results and today loosing 8%.


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