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Cal Dive Looks to Have Broken Out
06/22/2005: Members who watch the profiled stocks will have noticed that Cal Dive (CDIS) finally broke upwards out of a Symmetrical Triangle early in June. When we profiled the stock, the triangle breakout point was around $49. In actual fact, the pattern developed further and made a new breakout point around $46. It pays to pay attention and watch the pattern develop since we have had a buy order executed at just over $49. With a little more attention to the pattern, we could have adjusted the order and got in at a much lower price at just over $46.
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