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-$4.00 Volume: 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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