In the past few sessions, Hornbeck Offshore Services have suffered from a sharp fall and is now coming back to significant level support.

According to Surperformance rating, the company is an opportunity for a trading strategy. Indeed, it is a good compromise between its value and its visibility.
Moreover, brokers have lately revised upward their revenues' estimates and count on EPS of USD 2.94 for this year and USD 4.29 in 2014. Forecasts are also very optimistic. Sales and profits should know a fast growth in the next years.

The security follows a downward trend in the short term, under the USD 54.2 resistance area. The trend is bearish also in the mid-term, under USD 54.2. However, the selling pressure could soon run out of steam. Indeed, whereas the stock shows an oversold condition, the USD 49.7 support area currently tested might stop the bearish trend in the short term.

From a fundamental and technical viewpoint, the security seems ready to move forward. Investors can target a comeback on the USD 54.2 resistance. As the general trend is negative, this investment must be protected with a stop loss under the support at USD 49.7.