CPST - Sector: Capital Goods --- Industry: Misc. Capital Goods

[traderjbr]

I like this one after reviewing its chart last night I came to the same conclusion Symetrical Triangle breakout with a pullback retest.I got my finger on the trigger but I'm not crazy with that little gap down around 3.40 that might conveniently try to fill.It looks firm so far at the breakpoint,watching for now.. 

[Liquid Stick]

« Reply #70 on: April 08, 2006, 01:41:41 PM »

Posted this chart of CPST on the Liquid Stick thread.

[setravis]

Lifted off.....
Breakout ....Ascending Triangle (continuation) Pattern.

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
17.28%above 13-day EMA
24.09%above 50-day EMA
RS Rating: 89 

Fundamentals
Key Data:
Market Cap (M): $387.31 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 06/28/2006
Last Analyst Rating: Buy

[Terliso]

Setravis, good pick (applaud) ... HEC & CPST have the same set-up... what is your take of HEC?

[setravis]

Setravis, good pick (applaud) ... HEC & CPST have the same set-up... what is your take of HEC?

Posted reply to HEC thread Terlisa, so as to run an update to that thread......
Interested , go there.

[Ramsburg]

Capstone Turbine Corp. (CPST)
Capstone Turbine Corporation engages in the development, manufacture, and marketing of microturbine generator sets for use in co-generation, resource recovery, power reliability, and remote power applications in the markets for distributed power generation. It primarily offers microturbine units, subassemblies, components, and various accessories.
Web Site: http://www.capstoneturbine.com

This is another short term technical play.

CPST is developing a very interesting pattern (a long consolidation triangle), last month we had a first breakout with increasing volume, and followed by a re-test of the breakout level (this gives extra consolidation to the signal).
Yesterday a big white candle with volume 7 times the average started what could be a nice run for short term. The projection of this technical pattern is $5.72, but that's only indicative.

CPST it's inside a hot sector, insiders have been buying stock recently, and there is another interesting issue: Short interest is considerably high, and that could also lead to a big short squeeze.

There is a resistance at $4.50 (November's relative high), that's an obstacle to this trade, but we believe that a breakout of this price level could trigger a lot of stops from short positions.

We'll buy CPST tomorrow at the open for the 3SOF portfolio.

[la-onda]

fyi:
CPST: Short Interest UP 7.1% to 14.0M in Mar 2006
Friday , March 24, 2006 16:16 ET

According to new short interest data from NASDAQ, short interest for Capstone Turbine Corporation (NasdaqNM: CPST) INCREASED 7.1% to 14,026,093 shares for the month ended mid-March, 2006.

SYMBOL      FEBRUARY           MARCH          CHANGE       %CHANGE      DAYS/COVER
--------   -------------   -------------   -------------  ------------  ----------
CPST          13,090,450      14,026,093        +935,643        +7.15%           7

Based on CPST's 20-day average daily share volume of 2,087,815, it would require approximately 7 day(s) of buying to cover this short interest.

[Ramsburg]

fyi:
CPST: Short Interest UP 7.1% to 14.0M in Mar 2006
Friday , March 24, 2006 16:16 ET

According to new short interest data from NASDAQ, short interest for Capstone Turbine Corporation (NasdaqNM: CPST) INCREASED 7.1% to 14,026,093 shares for the month ended mid-March, 2006.

SYMBOL      FEBRUARY           MARCH          CHANGE       %CHANGE      DAYS/COVER
--------   -------------   -------------   -------------  ------------  ----------
CPST          13,090,450      14,026,093        +935,643        +7.15%           7

Based on CPST's 20-day average daily share volume of 2,087,815, it would require approximately 7 day(s) of buying to cover this short interest.

Thanks La-onda,

I wonder what could be the average entry price on those shorts opened in March... 

[Maestro]

Bought at $4.19

[nutsterrt]

I'm in as well. What's the plan for this one, Ramsburg?

[Ramsburg]

I'm in as well. What's the plan for this one, Ramsburg?

Hi,

The plan will be updated tonight as usual with instructions, but the stop price will be set near $3.60. The target will be above $5.

[Ramsburg]

Terrible day to start up a trade :-(

CPST followed the market, and had a considerable correction today. The overall technical pattern is still intact.

Our plan is:
Hold CPST with a stop @ $3.60

[Ramsburg]

Interesting session for CPST... after trading below $4, and below Tuesday's lows, CPST decided to go up again, showing some strength again.

We clearly failed the entry timing on this trade, but CPST has a great technical overview, and our plan is very limited on risk.
Our stop is placed below an ascending support line, and 3.8/3.9 is also a reaction level, so if we don't get stopped in the short run, we most likely will watch CPST trading above the 4.50 resistance quickly...

The plan:
Hold CPST with a stop @ $3.60

[setravis]

Ready to run?.....
Nice consolidation might be ready to take on that difficult $4.00 barrier again soon.

Great call on this one Set, I hope your making some green here.
Thanks for all the great posts.

uc.

Thanks UC ! I jumped back in this one on Oct. 18th @ $2.40,
located on page 7 of this thread.If you are in hope you are making some nice profits.
Good trading to you !

Long and holding tight!
13-day EMA crossed over the 50-day

Technicals
Last Price Quote is:
7.60%above 13-day EMA
17.21%above 50-day EMA
RS Rating: 91 

Fundamentals
Key Data:
Market Cap (M): $387.31 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 06/28/2006
Last Analyst Rating: Buy

[setravis]

Alex Halperin


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