This maker of Natural Gas Engines is entering into the second half of the year with a lot of promises regarding their lines of Natural Gas Engines. The moment that investors have been waiting for is coming this fall with release of their larger liter engines which most trucking companies have said is required for them to think about making the switch. This all is...
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...
With higher lows and lower highs this pattern looks familiar. problem is this was also the case on most recent high. Will watch to see if this turns north or south.
Though volume is not as high we would like, it looks the price ready to pop up now from here. A few days ago, we recommended a bullish trade. Congratulation!
Ok, 30% correction is ready. What now? I can see a two scenar of action. First and I think more possible ;) it is a long trade with target $34. It if only $26 will not broke. Second scenar, it is a down move with target $20. It will be extension of previos down move.
The low price of natural gas and the falling price of WPRT which makes natural gas conversions for trucks and autos has my attention. This stock has come down a long way on some bad news and some competitive pressures, but what the chart is telling me is that the sellers are running dry and the buyers are lined up right under this price level. So, the...
