CPST Volume Above Average; Buy or Sell Signal?
"Capstone Turbine Corporation (CPST Stock Report) may be a beneficiary of this (for now). Shares of CPST stock hit 52-week lows of $1.88 on October 29. Since then it has reversed course to highs of $2.29 thus far."
The company manufactures microturbine energy systems. This week Capstone announced significant news that could have acted as an initial catalyst for the latest move. The company reported that it has secured its first offshore oil and gas order in India. The order was for 2 of its C65 microturbines for use in the Arabian Sea.
52 WEEK BOUNCE OR NEW LOWS ON THE WAY?
PREVIOUS GAP DOWN THEN BEARISH SURGE LOWER TO NEW 52 WEEK LOWS
BOUNCED LAST TWO DAYS AFTER NEWS.
MORE INFO: 5 Penny Stocks to Buy Before Next Month?
The company manufactures microturbine energy systems. This week Capstone announced significant news that could have acted as an initial catalyst for the latest move. The company reported that it has secured its first offshore oil and gas order in India. The order was for 2 of its C65 microturbines for use in the Arabian Sea.
52 WEEK BOUNCE OR NEW LOWS ON THE WAY?
PREVIOUS GAP DOWN THEN BEARISH SURGE LOWER TO NEW 52 WEEK LOWS
BOUNCED LAST TWO DAYS AFTER NEWS.
MORE INFO: 5 Penny Stocks to Buy Before Next Month?
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