** watch out below? **

HDR has one of the worst looking charts of our major oilers. Most charts look very bullish. HDR chart looks bearish. It is currently down 4 cents to $1.88.

There's a double top around $2.40 with larger fall from the second top all the way down to $1.40. The rally from this fall failed to break $2.10 - a lower high? Now the stock appears to be falling significantly again.

The 100 day moving average is clearly trending down. It is at $1.80 now.

I will add that in the middle of last year I looked very closely at HDR and decided then that it was significantly overvalued. Let's hope not for HDR holders.

Charts aren't the be all and end all. I am prepared at times to purchase and hold stocks that are "chart sells."

However I also do pay close attention to what the charts are telling me. Let's hope the charts aren't indicating that compared to many other oilers HDR are poor value.