Capital Product Partners (CPLP) Bearish Technical Alert - Trend Down 14.2%

Capital Product Partners (NASDAQ:CPLP) is trading 3.3% lower (down $0.26 to $7.64) today on volume of 106,556 shares. The stock has traded within a 52-week range of $5.21 and $17.05.

Capital Product Partners is currently below its 50-day moving average of $9.58 and below its 200-day moving average of $8.45.

SmarTrend is bearish on shares of CPLP and our subscribers received a Downtrend alert on August 04, 2009 at $8.90, which has returned 14.2% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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