Capstone Green Energy Corp (fka CGRNQ)

[Seasound]

3 Stocks Under $10 With Relative Strength From The Street @ 07/12/12 - 01:43 PM EDT

Capstone excerpt:

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.

-- Written by Roberto Pedone in Winderemere, Fla.