Capstone Green Energy Corp (fka CGRNQ)

[CaptWhizbang]

5 Stocks Under $10 Ready to Explode
BY Roberto Pedone | 04/17/14 - 02:29 PM EDT

Capstone Turbine Excerpt:

One under-$10 industrial electric equipment player that's starting to move within range of triggering a near-term breakout trade is Capstone Turbine (CPST_), which engages in developing, manufacturing, marketing and servicing microturbine technology solutions for use in stationary distributed power generation applications worldwide. This stock is off to a hot start in 2014, with shares up sharply by 65%.

If you consult the chart for Capstone Turbine, you'll see that this stock recently pulled back off its 52-week high at $2.60 to its recent low of $1.91 a share. That low took shares of CPST right below its 50-day moving average and the stock has subsequently started to bounce higher back above that key technical level. Shares of CPST are now starting to uptick and move within range of triggering a near-term breakout trade.

Traders should now look for long-biased trades in CPST if it manages to break out above some near-term overhead resistance levels at $2.22 to $2.32 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average volume of 7.72 million shares. If that breakout gets underway soon, then CPST will set up to re-test or possibly take out its next major overhead resistance level at its 52-week high of $2.60 a share.

Traders can look to buy CPST off weakness to anticipate that breakout and simply use a stop that sits right below that recent low of $1.91 a share. One can also buy CPST off strength once it starts to smash above those key resistance levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

http://www.thestreet.com/story/12674316/4/5-stocks-under-10-ready-to-explode.html