Cal Dive International

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Cal Dive International ( 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 10% to $2.03 in recent trading.

Today's Range: $1.82-$2.03

52-Week Range: $1.00-$4.00

Volume: 1.49 million

Three-Month Average Volume: 967,597

From a technical perspective, DVR is exploding higher here right off some near-term support at $1.80 and back above its 200-day moving average at $1.92 with heavy upside volume. This stock has been uptrending strong for the last three months, with shares soaring higher from its low of $1.00 to its recent high of $2.03. During that move, shares of DVR have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of DVR within range of triggering a major breakout trade. That trade will hit if DVR clears some near-term overhead resistance at $2.03 with high volume.

Traders should now look for long-biased trades in DVR as long as it's trending above its 200-day at $1.92 or its 50-day at $1.73, and then once it sustains a move or close above $2.03 with volume that hits near or above 967,597 shares. If that breakout triggers soon, then DVR will set up to re-fill some of its previous gap down zone from last July that started near $3. Any high-volume move above $3 could then send shares of DVR towards $3.50 to $4.

To see more stocks that are making notable moves higher today, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.


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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including and You can follow Pedone on Twitter at or @zerosum24.

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