Bill Carrigan
Capstone Turbine
CPST-Q
DON'T BUY
Mar 18, 2014
(Natural Gas and LNG sector.) Now at a new 52 week high and he likes 52-week highs. His question would be as to how far away it was from the long-term moving averages. 33% above its 50 day moving average. 200 day moving average is $1.35 and the 50 day is at $1.72 giving a 26% spread, which is a lot. That is too much and indicates the stock is overbought. This is too late. You have to buy them when they are breaking out.
(Natural Gas and LNG sector.) Now at a new 52 week high and he likes 52-week highs. His question would be as to how far away it was from the long-term moving averages. 33% above its 50 day moving average. 200 day moving average is $1.35 and the 50 day is at $1.72 giving a 26% spread, which is a lot. That is too much and indicates the stock is overbought. This is too late. You have to buy them when they are breaking out.