Market Curiosity: Exploring Markets And Systems

October 13, 2012

WPRT – Long if buy stop triggered. -5% (update 1, Oct 21)

Filed under: -05 to -24%, Long Stock — Tags: , — Jeff Fitzmyers @ 11:01 am

Caterpillar… soon, they’ll be powered by liquefied natural gas (LNG)… To expedite LNG-powered product development, Caterpillar has teamed up with LNG-engine-maker Westport Innovations (WPRT)… Here’s what Frank Curzio wrote about Westport…

Sales are expected to grow north of 50% annually over the next five years. The company projects profitability by 2014. But that could happen sooner as more trucking fleets save millions of dollars a year in fuel costs by switching their engines over to natural gas.

+ Primarily liking the RSI configuration.
+ Declining volume this past week.
+ Tight stop loss. (I’m getting done with loose stop losses.)

Update October 1: Stopped out -5%. The possible short term inflection point resolved downward. Now the shorter EMA’s are firmly heading down.

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