Capstone Green Energy Corp (fka CGRNQ)

[CaptWhizbang]

PPS has just moved into Short Term Consolidation which means the high and lows are getting closer together, and the present move is slowing down.....

Today's volatility was low with the 10 day volatility decreasing.

http://www.stockscores.com/quickreport.asp?ticker=cpst

RESISTANCE/SUPPORT
1.22, at support, 1.22 ± 0.03, type Single, strength 5
Resistance Above : +13.9% at 1.39 ± 0.04, type Triple+, strength 6
Support Below : -6.6% at 1.14 ± 0.03, type Single, strength 5

Gap Above at $1.30.
First Long Target is $1.35.
Second Long Target is $1.39.

First Short Target is again $1.14.
Second Short Target is $1.05.
http://www.nasdaq.com/symbol/cpst/stock-consultant

I am taking this to mean the bottom has been found. Today's candle, and the technicals also hint of a developing turn upward.

Today's volume was 259.40% of Average Daily Volume.


Daily volume has continued to be well beyond the average Daily Volume.:

Percent of Average Daily Volume:
Aug 11....237.05%
Aug.12....180.56%
Aug.13....396.61%
Aug.14....311.23%
Aug.15....274.53%
Aug.16....280.00%


Aug.18...317.79%
Aug.19...294.30%
Aug.20...259.40%

The total volume last week was 32,488,886 shares, the highest total volume since the first two weeks in May.

At the same time the Short Sales have had a weak Average Percentage of the Daily Volume; @ 29.07%.

So far this week, the shorters have been taking another weak average of 27.07% of the Daily Volume.
Imo, Hedge Funds are buying to cover and Institutional Buyers are taking interest as well.

I think the short numbers support Paul White at Seeking Alpha who discussed earlier in his post:

Capstone: Low Risk, High Reward

Trading volume continues to remain high and positive the last few days suggesting the bottom is in for Capstone


This higher relative volume has been noticeable all week. In addition, very large block orders have been trading in recent days. This suggest a high likelihood of institutional activity
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http://seekingalpha.com/article/2439545-capstone-low-risk-high-reward

GLTA