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Capstone Turbine(CPST - Get Report) engages in developing, manufacturing, marketing, and servicing microturbine technology solutions for use in stationary distributed power generation applications worldwide. This stock is trading up 2% to $1.08 in recent trading.
Today's Range: $1.04-$1.12
52-Week Range: $0.85-$1.69
Volume: 4.1 million
Three-Month Average Volume: 3 million
From a technical perspective, CPST is bouncing here right near its 50-day
moving average of $1.02 with above average volume. This move has briefly pushed CPST back above its 200-day moving average of $1.08. At last check, shares of CPST have hit an intraday high of $1.12 and volume is well above its three-month average action of 3,019,810 shares.
Traders should now look for long-biased trades if CPST can manage to maintain its trend above its 200-day at $1.08, and over its near-term breakout level of $1.09 with strong upside volume flows. I would consider any upside volume day that registers near or above 3,019,810 shares as bullish. If CPST can hold that trend, then this stock could be setting up to re-test and possibly take out its next major overhead resistance levels at $1.20 to $1.25 in the near future.
To see more stocks under-$10 that are making notable moves higher today, check out the
Stocks Under-$10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.