Capstone Turbine (CPST) 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.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.