It is very positive for CPLP shares that they exceeded the resistance levels of $6 and $6.50 after a massive bounce from 2 years lows. Any further rebound will have trouble going through the downtrend line lurking @ $7.60. CPLP Chart: Stockcharts.com
CPLP shares at significant support area (low Fibonacci). Bullish. CPLP (10 months) Chart: Stockcharts.com Please read the Disclaimer! Petros Steriotis
Nice rebound from $7 support up above the $7.58 resistance confirms short-term uptrend for CPLP shares. CPLP (9 months) Chart: Stockcharts.com Please read the Disclaimer!
Capital Product Partners (CPLP), the shipping NASDAQ-traded stock, looks well-positioned for further upside from a technical analysis perspective. Longer-term technical analysis shows that CPLP shares have strong support at the 4-year old uptrend line starting from the August 2011 low. Moreover, CPLP is above the 2011 high, which is now acting as support @ $7.26 […]