Capital Product Partners (CPLP) Downgrade Alert, Watch for 11.5% Technical Uptrend Reversal
Oct 20, 2009 (SmarTrend(R) Spotlight via COMTEX) --
Company: Capital Product Partners LP (CPLP)
Capital Product Partners (NASDAQ:CPLP) downgraded to Neutral, $11 target, at JP Morgan. The stock closed yesterday at $10.09 on volume of 372,098 shares, above average daily volume of 150,048.
Capital Product Partners is currently above its 50-day moving average of $8.48 and above its 200-day moving average of $8.56.
SmarTrend is bullish on shares of CPLP and our subscribers received an Uptrend alert on September 24, 2009 at $9.05, which has returned 11.5% to date.
Write to Chip Brian at cbrian@tradethetrend.com
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News Provided by COMTEX
Company: Capital Product Partners LP (CPLP)
Related terms: market, nasdaq, securities
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