I was in CPST and then I dumped it thinking we wouldn’t get that 1.25 level taken out. Well it happened today. I think the trade is back on in CPST and I’m going to look at buying it back tomorrow. In fact, I think a breakout will happen if we can just take out the recent highs of 1.3 or possibly the 1.26 level is enough. Over the course of the last 4 days, the two up days had big volume in comparison to the down days.

I took a near 8% loss on selling my CPST. I didn’t get the breakout I was looking for so I decided to cut the trade. The action doesn’t mean CPST is a dead dog, it just means I’m not waiting on it anymore.

The following twelve securities will be added to the Indexes: China BAK Battery, Inc. (NasdaqGM:CBAK - News), Comverge, Inc. (NasdaqGM:COMV - News), Capstone Turbine Corporation (NasdaqGM:CPST - News), EnerNOC, Inc. (NasdaqGM:ENOC - News), Hoku Scientific, Inc. (NasdaqGM:HOKU - News), LDK Solar Co., Ltd. (NYSE:LDK - News), Metabolix, Inc. (NasdaqGM:MBLX - News), Nova Biosource Fuels, Inc. (AMEX:NBF - News), Power Integrations, Inc. (Nasdaq:POWI), Vicor Corporation (NasdaqGS:VICR - News), Verenium Corporation (NasdaqGM:VRNM - News), and Yingli Green Energy Holding Company Limited (NYSE:YGE - News).

CPST is breaking my 1.25 level which is the 50wma. I bought CPST for two accounts today at 1.26 and 1.27.

I’ve posted a daily and weekly chart for CPST.

If Capstone Turbine breaks its 50d ema for further near term upside.

You can see the weekly chart is shaping up for a nice turnaround.

A close over $1.25 would be bullish. Thats about where the 200d ema stands.