Westport Innovations, WPRT, a leader in the development and implementation of natural gas vehicles has been experiencing accumulation over the past few months. How can we find accumulation? I look for it when stocks absorb bad news and hold ground under pressure. Another way to look for it is to view selling pressure and see how it changes over time and how it impacts the price. What we are seeing here in WPRT is that more selling pressure has failed to lead to lower stock prices.
I view $36-$37 as reasonable upside potential over the next few months and I view risk as $26.40 on the downside.
With WPRT at $29.48, this provides us with $3 downside and $6.50 to $7.50 upside potential.
Best regards,
Tim West 4/11/2013 at 11:17AM EST
I view $36-$37 as reasonable upside potential over the next few months and I view risk as $26.40 on the downside.
With WPRT at $29.48, this provides us with $3 downside and $6.50 to $7.50 upside potential.
Best regards,
Tim West 4/11/2013 at 11:17AM EST
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