The Breakout for Today: Hornbeck Offshore Services Inc. (HOS)

Hello my Investors, Traders and Reader Friends. Yesterday, the market showed strength and character. Despite the damage that could be seen in the previous days, Wall Street was dominated by the bulls during the day. In the end,the DJ-30 climbed 0.96%, the SP-500 increased 1.10% and the Nasdaq Comp. grew at1.51%. These three indices were important movements from a technical point of view. For example, the DJ-30 returned to overcome the resistance level of 12.800 points ... to close above the 12.900 points. This would seem to indicate that this index is on track to challenge the 13.136 points achieved in May 2008. This same behavior is observed in the SP-500 and the Nasdaq. In the latter case, the drive is even greater and its growth potential as well. However, there is a concern that I find worth mentioning. The market is overbought at these levels. And this is a danger which we must live for the moment. As is logical to assume, on a day like yesterday, many stocks showed good performances. One is Hornbeck Offshore Services Inc. (HOS). This stock was a goodbreakout and it looks like it has more to be done up. Its price at the end of the day was U.S. $ 38.86, up 6.55%. Its volume was 2.7 Millions of shares, three times what is traded daily.