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To: horsegirl48 who wrote (9501)1/30/2001 2:59:27 PM
From: Walkingshadow  Read Replies (2) | Respond to of 13572
 
HG,

Hard to say. CPST is gathering strength, and is one of the right companies in the right sector at the right time, and we will be hearing much more about CPST and the others as deregulation proliferates and continues to cause problems. Right now, it has gotten ahead of itself on the intraday, and should correct back to the area of the 200 min ema shortly:

askresearch.com

I anticipate that this level will hold as support, but that remains to be seen. Part of the reason I think so is that CPST just recently (yesterday) successfully tested this level, and so will probably remain above it for some time longer.

The critical test for CPST will be if it can take out the previous peak, which also happens to be very close to the level of the horizontal 200 day ema at about 41. So, this should be a tough one for CPST. Odds are it will successfully test this level soon, since the technical indicators continue to show strength, with little evidence of technical weakening. If it can, that will put CPST close to the definition of an uptrending stock, rather than a potentially reversing stock.

JMVHO, as always..........

WS