Cal Dive International
This company (DVR) is a marine contractor which provides manned diving, pipelay and pipe burial, platform installation and platform salvage services to a diverse customer base in the offshore oil and natural gas industry. This stock is trading up 9% to $1.32 in recent trading.
Today's Range: $1.00-$1.36
52-Week Range: $1.14-$4.00Volume: 2.41 million Three-Month Average Volume: 1.44 million From a technical perspective, DVR is bouncing sharply higher here with above-average volume. This move is coming after the stock downtrended badly for the last four months from $3 to $1. The action today has now started to move DVR within range of triggering a near-term breakout trade. That trade will hit once DVR manages to take out some near-term overhead resistance levels at $1.51 to $1.57 with high volume. Traders should now look for long-biased trades in DVR as long as it's trending above $1.32, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.44 million shares. If that breakout hits soon, then DVR will set up to re-test or take out its next major overhead resistance levels at $1.84 to $1.88, or possibly even $2.40. Exeter Resources This company (XRA) is an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in the Maricunga Region in Chile. This stock is trading up 13.7% to $1.57 in recent trading. Today's Range: $1.37-$1.60 52-Week Range: $1.27-$4.20 Volume: 329,000 Three-Month Average Volume: 235,251 From a technical perspective, XRA is ripping higher here right off some near-term support at $1.33 with above-average volume. This move has started to push XRA above some near-term overhead resistance at $1.48 and it's moving it within range of its 50-day moving average of $1.60. This action is quickly pushing XRA within range of triggering a near-term breakout trade. That trade will hit once XRA takes out some near-term overhead resistance levels at $1.74 to $1.80 with high volume. Traders should now look for long-biased trades in XRA as long as it's trending above its 50-day at $1.60, and then once it sustains a move or close above those breakout levels with volume that hits near or above 235,251 shares. If that breakout triggers soon, then XRA will have a great chance of re-testing or possibly taking out its next major overhead resistance levels at $2.02 to $2.14. Any high-volume move above its 200-day at $2.14 will then put $2.40 into focus for shares of XRA.
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