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Hercules Offshore And Depomed Buy Signals

|Includes:DEPO, Quintiles Transnational Holdings Inc. (Q)

Today I added two stocks from the Barchart New High list to theBarchart Van Meerten Speculative portfolio: Hercules Offshore (NASDAQ:HERO)and Depomed (NASDAQ:DEPO):

Hercules Offshore (HERO)

(click to enlarge)Click to enlarge

Barchart technical indicators:

 

  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 22.38% in the last month
  • Relative Strength Index 67.62%
  • Barchart computes a technical support level at 4.77
  • Recently traded at 5.06 with a 50 day moving average of 4.23


Depomed (DEPO)

(click to enlarge)Click to enlarge

Barchart technical indicators:

 

  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 12.85% in the last month
  • Relative Strength Index 68.16%
  • Barchart computes a technical support level at 5.62
  • Recently traded at 5.98 with a 50 day moving average of 5.44

Disclosure: I am long HERO, DEPO.

Stocks: Q, DEPO