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Stock to Watch: Capstone Turbine Up 5.0% (CPST)
Feb 15, 2013 (SmarTrend(R) Spotlight via COMTEX) --
Capstone Turbine (NASDAQ:CPST) is one of today's best performing low-priced stocks, up 5.0% to $1.05 on 1.5x average daily volume. Thus far today, Capstone Turbine has traded 3.2 million shares, vs. average volume of 2.1 million shares per day. The stock has outperformed the Dow (5.0% to the Dow's 0.1%) and outperformed the S&P 500 (5.0% to the S&P's 0.0%) during today's trading.
In the past 52 weeks, shares of Capstone Turbine have traded between a low of $0.73 and a high of $1.30 and are now at $1.05, which is 44% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.
Capstone Turbine Corporation designs, assembles, and sells Capstone MicroTurbines for worldwide applications in the distributed power generation and hybrid electric vehicle markets. The Capstone MicroTurbine is a low-emissions power generation system that combines a gas turbine-driven high-speed generator with power electronics.
Capstone Turbine has overhead space with shares priced $1.05, or 41.7% below the average consensus analyst price target of $1.80. The stock should discover initial support at its 200-day moving average (MA) of $0.98 and subsequent support at its 50-day MA of $0.90.
SmarTrend is monitoring the recent change of momentum in Capstone Turbine. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Capstone Turbine in search of a potential trend change.
Write to Chip Brian at cbrian@mysmartrend.com
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