CPST
Posted on Mon 27th Mar, 2006 12:54:46 PM
Out of 4 or 5 different trades I made last Thursday and Friday, CPST is proving to be the star of the show. I bought the stock at $3.34 at the end of the day Thursday as it went under some strong buying. It came up on my screener and took extra attention to it as it had been under strong accumulation for the past week or two. Sure enough the stock ran up after hours and opened last friday to some heavy buying from the institution front. It ran up as high as $3.80 before settling at $3.66 at the close. Today the stock naturally retracted on lower volume but has come back to the mid .60s nicely on some good support. Depending on the close the stock could be in for another run but we will see (resistance right now is at $3.65).
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