freeus,
Here's one from my previous post which I've been waiting for again----CPST. Absolutely dy-no-mite company, but lately been on a tear. Now, it has corrected back to it's moving averages, which is exactly what I was hoping it would do.
askresearch.com
I expect it will rebound nicely off these averages, perhaps tomorrow. See that William's just starting to hook upwards? Now look at the 5-3-3 stochastic..... see the "trendline" formed when you connect the bottoms (i.e., oversold points)? Now look back in the chart to where this has happened previously, and you'll see that this is a pattern with CPST---an upsloping "oversold trendline", and a marker for a stock gaining in strength. Also, look at the size of the MACD histograms now, and compare that with the size of the histograms during the previous rally...........
Entry point would be when it trades above the HOD from today, or 39 1/2.
CPST is at a critical juncture relative to its moving averages. Flip back and forth from the short term (10, 20, 50 ema) to the long term (50, 100, 200 ema) averages, and you'll see what I mean.
But it is a top-notch company in the right sector at the right time, and their biggest problem has been that they can't make product fast enough. But they just opened a huge new manufacturing facility.......interestingly enough, though it is located in California, they will likely never be affected by blackouts because part of their plant is entirely off-grid, powered only by the microturbines they manufacture! That's putting your money where your mouth is.....
And, as you know, there has been increasing market interest in the sector. CPST's 10 day average volume is almost twice the 3 month average volume.
biz.yahoo.com
JMVHO, as always..........
WS |
