Capstone Green Energy Corp (fka CGRNQ)

[CaptWhizbang]

EOD Chart: Close above 200MA was confirmed today. PPS is above both 50 and 200 MAs.

Price action remained within the steep upward short term Channel Pattern. PPS retraced from the high to the bottom of the pattern before bouncing back within $.01 of yesterday's close. Show of strength, imo. Note PPS did penetrate the top trendline of the longer medium Channel Pattern before retracing. This may indicate the steeper channel is stronger.

This retrace may have been due, in part by retail taking profits, signaled by pps reaching top trend line. This makes the rebound from bottom more significant, imo.

Daily Volume was 119.67% of Average Daily Volume. Daily Volume increased 23.6% over yesterday's volume.

Sells outnumbered buys today by 294,756 with unknown trades as 231,652.
Buys outnumbers sells yesterday by 303,214 shares.
http://ih.advfn.com/p.php?pid=trades&symbol=CPST

PPS is still short and medium term consolidation. Volatility fell to low from medium yesterday with 10 and 20 day volatility decreasing. This surprised me with the action today.
http://www.stockscores.com/quickreport.asp?ticker=cpst

PPS support is @ $1.05 which is a triple, 10. Strong.
First long target is @ $1.14, a triple, 10. Strong
Second long target is @ $1.20, a triple plus, 10. Strong
http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=CPST#lchart

Technicals are mixed today.

Short Percent of Float decreased for the second Short Reporting Period:
June 1st, 4weeks ago was 18.65%
June 15th, 2 weeks ago was 17.61%
July 1st is 17.10%
http://shortsqueeze.com/

As reported by Wild Bill, there are 1,547,587, -2.95% less shorts as of June 1st. This is the first decrease in reported short shares in 18 weeks.

Short Sales last week:

Day......Daily Vol........SS Vol......SS%of Daily Vol...SS Rank
July 09...1,128,429.......483,645.........42.86%...........-109
July 10...2,576,453....1,338,983.........51.97%...........-109
July 11...1,567,116.......634,682.........40.50%...........-109
July 12...4,777,006....1,934,687.........40.50%.............-96
July 13....4,260,554......102,381.........24.03%.............-96
Week Tot..14,309,558....4,494,378.........39.97%

Short Sales this week:
Day.......Daily Vol.....SS Vol......SS%of Daily Vol....SS Rank
July 16...3,558,747....1,344,139........37.77%...........-96
http://shortsqueeze.com/

Volume increased from Friday and Short Sales also increased. What's interesting to point out is that the Short Squeeze Rank(Now actually a long Squeeze) has remained the same, -96, for three consecutive days. The Squeeze Rank stood at -109 for 6 consecutive days, which I have never seen. Now Squeeze has stalled at -96 for three days.

This unusual behavior suggests to me that the shorters are systematically reducing the downward pressure on the Longs and the shorters are taking days to clear out at certain levels. The shorters are definitely NOT experiencing urgent pressure under a Short Squeeze situation at this point, but the move appears to show that they are retreating in an orderly fashion. Short Squeeze pressure is represented by positive numbers above the neutral 0. Long Squeeze pressure is negative numbers below 0.