Warning: Following my trades may be hazardous to your financial health. See Disclaimer.
Friday, April 20, 2012
CPST - Levels and Target
CPST has been in my IRA as a story stock for a while, much line AONE, unfortunately. In recent months, somehow it caught The Fly's attention. And now RaginCajun as well. Had a monstrous volume channel breakout yesterday. Today it's slated to hopefully ride the momentum via last night's Fast Money airtime by CPST's CEO. So let's take a look at some target and levels of interests on the daily chart.
The rectangle target is 1.33. 50% Fib retracement is 1.23. And 61.8 Fib and previous horizontal resistance at 1.30. Based on the premarket, it seems the game is on for CPST.