CAL DIVE INTERNAT INC
(CDIS-Nasdaq):
Technical Viewpoint: From a low
of $23.34 on Dec 3, 2003 prices
rallied, reaching a
high of $25.59
on Jan 13, 2004. A
decline saw prices pull back, reaching a
low of
$22.74 on Jan 30, 2004.
Another rally saw prices penetrate
resistance, closing 3/3/04
at $26.50. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 12, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $24.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 2, 2004. A P&F upside
reversal takes place at $0. Summary: Technical indicators have turned bullish. BUY! CAL DIVE INTERNAT INC
(CDIS-Nasdaq) @ $26.88 Stop: Use a protective stop of $24.88.
CAL DIVE INTERNAT INC is currently trading @ $26.50 plus $1.77 on Mar 2, 2004. Price Objective:
$38.00. Risk/Reward: $2.00 VS. $11.12. Today's Risk Reward Ratio: 5:1
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