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HLX, PLOW Expected to Trade Down After Bearish Patterns Develop

January 24, 2012 / M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring top technical trading patterns and these stocks are the most likely to trade Down in the coming weeks. HELIX ENERGY SOLUTIONS GROUP (NYSE:HLX), DOUGLAS DYNAMICS INC (NYSE:PLOW) are all expected to go Down as Bearish signals have been generated by top technical trading patterns. We monitor these patterns: Support Break, Support Reversal, Breakaway Gap, Measured Gap, Exhaustion Gap, Resistance Break, Resistance Reversal, Saucer Reversal, Volume Climax, Volume Trend, Fibonacci Reversal, Consolidation Breaks, Trend Line Break,Trend Line Reversal, Candles, Golden Crosses, Death Crosses and more. The chart below displays the stocks expected to go Down along with pattern, strategy and strength ratings.

     Symbol     Company                             Strategy                            Pattern Name            Strength  
     HLX        HELIX ENERGY SOLUTIONS GROUP        50day MA crosses below 200day MA     Death Cross             3         
     PLOW       DOUGLAS DYNAMICS INC                50day MA crosses below 200day MA     Death Cross             1         

Chart Pattern Recognition is based on a 20-year patterns database. This database is used to determine pattern strength for patterns as they appear. There is no optimization and the pattern signals never change. For each pattern variation, we record accuracy and profitability statistics in a patterns database. From this information, we are able to define strength ratings from 1 to 5. The '1' rating shows ALL patterns while a '5' rating shows the best patterns according to profitability. Each pattern has its own strength rating factors. The result is an automatic ranking system that allows us to only show the BEST patterns. You can see that, at Strength 5, virtually all the patterns are profitable. The pattern strength rating system separates the most profitable patterns. The specific technology used to make these predictions is available for a low monthly fee at: http://www.squeezetrigger.com/services/sw/ot.php

HELIX ENERGY SOLUTIONS GROUP (NYSE:HLX) - Helix Energy Solutions Group, Inc. operates as an offshore energy company. It provides development solutions and various other contracting services to the energy market, as well as to its oil and gas properties. The company provides a range of contracting services primarily in the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions primarily in deepwater. It offers development services comprising installation of subsea pipelines, flowlines, control umbilicals, manifolds, and risers; pipelay and burial; installation and tie-in of riser and manifold assembly; commissioning, testing, and inspection services; and cable and umbilical lay and connection. The company also provides various production services, including inspection, repair, and maintenance of production structures, risers, pipelines, and subsea equipment; well intervention; life of field support; and intervention engineering. In addition, it offers decommissioning and remediation services; plugging and abandonment services; platform salvage and removal services; pipeline abandonment services; and site inspections. Further, the company engages in the exploration, development, and production of oil and gas properties located primarily in the Gulf of Mexico. It offers its products and services to independent oil and gas producers and suppliers, pipeline transmission companies, and offshore engineering and construction firms. As of December 31, 2009, it had 578 billion cubic feet equivalent of estimated proved reserves. The company was formerly known as Cal Dive International, Inc. and changed its name to Helix Energy Solutions Group, Inc. in March 2006. Helix Energy Solutions Group was founded in 1990 and is headquartered in Houston, Texas.

DOUGLAS DYNAMICS INC (NYSE:PLOW) - Douglas Dynamics, Inc. engages in the design, manufacture, and sale of snow and ice control equipment for light trucks, which consists of snowplows and sand and salt spreaders, and related parts and accessories in the United States and Canada. The company manufactures a portfolio of hopper and tailgate-mounted sand and salt spreaders that are used for snow and ice control on driveways, roads, and parking lots, as well as provides a range of related parts and accessories. It sells its products under the WESTERN, FISHER, and BLIZZARD brands through a distributor network primarily to professional snowplowers who are contracted to remove snow and ice from commercial, municipal, and residential areas. The company is headquartered in Milwaukee, Wisconsin.

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