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Registered User
Joined: 7/24/2005
Posts: 30
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CPTS- After recent earnings report, CPTS appears to have broken out of it's trading range. Eyeball it and see where the subsequent pullback finds support. It may re-enter trading range if pullback is too great.
MM
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Registered User
Joined: 3/25/2005
Posts: 67
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Is the bar of 26July correct - high of 15.74? If so, i don't like trading around bars like that. Probably a trick by da boyz to keep the sissies away. The stock does look like it has jumped out of the blocks with somewhere to go, though.
JG
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Registered User
Joined: 1/27/2005
Posts: 8
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Hasn't looked good the last few months.
You say "pull back", I say downtrend.
Lasting more than three months
Maybe wait fot the new CEO to settle in.
And the instition's need to return also.
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Registered User
Joined: 7/24/2005
Posts: 30
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CPTS- Looks like it still has legs but it is extended. Up +30% for the last 12 trading days and closed up 11 days out of the last 13 trading days. Breakout through upper descending trend line 7/26 on high volume and closed above upper descending trend line for the last 6 trading days. I still expect CPTS to pullback or pause, most likely from resistance at the May 9 intermediate high. The pullback would be a good jumping on point. I know I’ll add to my position then, providing nothing adverse happens on Tuesday.
MM
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Registered User
Joined: 3/25/2005
Posts: 67
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Thanks for the update on this one. Will be interesting to see how it acts right here where it is. Those are two ominous high volume highs (9May and 26July) that it will have to contend with. I agree that a pull back is most likely (most of the volume appears to be overhead), but it might just have enough momentum to gap away.
JG
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Registered User
Joined: 7/24/2005
Posts: 30
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CPTS- Jumped +5% today and closed at a new 52-week high (17.05) on excellent volume. The stock is up 43% since mid-July.
MM
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Registered User
Joined: 12/7/2004
Posts: 393
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Bought some AMAT today on apparent bottoming action. TSV, OBV, Stoshastics climbing. Heavy volumn.
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