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Re: Wild-bill post# 22540

Thursday, 04/23/2015 1:11:37 PM

Thursday, April 23, 2015 1:11:37 PM

Post# of 29204
Good insights, Wild Bill!! Your points jibe with the fact that yesterday, the price went into Short Term consolidation. The price is now consolidated Short and Intermediate term which should further validate the last 5 days of exact sideways movement.
http://stockcharts.com/h-sc/ui?s=CPST&p=D&yr=0&mn=5&dy=0&id=p38563589323&a=377702732&listNum=1

The volatility is low with the 10 and 20 day volatility decreasing.

This action indicates a slow down in the price swings, and upon further consolidation, Long Term Consolidation.

Further consolidation would indicate a significant price move; up or down.
http://www.stockscores.com/quickreport.asp?ticker=cpst

Tomorrow, the next bi-weekly Short Report will come out. The last 3 reports showed a drop in short shares. If this trend developes further, the Shorts buying-to-cover could indicate a developing major change in CPST's valuation.





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