Technicals would suggest today is not the best entry point. That being said, follow on offerings often present a bottomming opportunity. The bottom did not hold this time.
Westport Innovations Down 24.5% Since SmarTrend Downtrend Call (WPRT)
Comtex SmarTrend(R) via CMTX - Tue Apr 24, 9:49AM CDT
Related Stocks
WPRT - Westport Innovations Inc
 | Sym | Last | Chg | Pct | | WPRT | 30.53 | +0.34 | +1.13% |
SmarTrend identified a Downtrend for Westport Innovations (NASDAQ:WPRT) on March 29th, 2012 at $40.58. In approximately 4 weeks, Westport Innovations has returned 24.47% as of today's recent price of $30.65.
In the past 52 weeks, Westport Innovations share prices have been bracketed by a low of $16.19 and a high of $50.19 and are now at $30.65, 89% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 1.2%.
Westport Innovations Inc. is commercializing high pressure direct injection (HPDI) combustion technology. This technology allows diesel engines to operate on cleaner-burning gaseous fuels without sacrificing performance or fuel economy. The Company currently has an alliance with Cummins Engine Company Inc. and a development project with Ford Motor Company.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Westport Innovations.
Log in and add Westport Innovations (WPRT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
Westport Innovations Inc (WPRT)30.49 +0.30 (+0.99%) Friday, Apr 27th, 2012 12:03P EST
Detailed Opinion   Show Signal Strength and Direction
|
