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TMCNet:  Traders Get Bullish on Shares of Cal Dive International, Shares Up 12.4% (DVR)

[November 08, 2012]

Traders Get Bullish on Shares of Cal Dive International, Shares Up 12.4% (DVR)

Nov 08, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Cal Dive International (NYSE:DVR) is one of today's best performing low-priced stocks, up 12.4% to $1.36 on 1.0x average daily volume. Cal Dive International has traded 2.0 million shares thus far today, vs. average volume of 1.9 million shares per day. The stock has outperformed the Dow (12.4% to the Dow's -0.2%) and outperformed the S&P 500 (12.4% to the S&P's -0.4%) during today's trading.
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Cal Dive International share prices have moved between a 52-week high of $4.00 and the current low of $1.00 and are currently at $1.36 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 2.1%.

There is potential upside of 267.6% for shares of Cal Dive International based on a current price of $1.36 and an average consensus analyst price target of $5.00. Cal Dive International shares should first meet resistance at the 50-day moving average (MA) of $1.53 and find additional resistance at the 200-day MA of $2.52.

Cal Dive International, Inc. is a marine contracting company. The Company's services include manned diving, pipelay and pipe burial services to the offshore oil and natural gas industry.

SmarTrend recommended that its subscribers protect gains by selling shares of Cal Dive International on July 12th, 2012 by issuing a Downtrend alert when the shares were trading at $2.06. Since that call, shares of Cal Dive International have fallen 41.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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