CDTI - I believe the MACD is going to begin to break away on the weekly, there has been nice accumulation happening, my target is 2.75. It may even go to 4.40 to test the 200MA.
http://stockcharts.com/h-sc/ui?s=CDTI&p=W&b=5&g=0&id=p08687501453
Like i said, I still think a major breakout beyond what today's gains were is coming... the MACD is going to go positive big time ON THE WEEKLY, which its been denied for a very long time. Today the stock closed at the highs. First time CDTI has a held a gain like that in 3 years (despite the recent secondary during the summer. A new CEO, a new OEM, or a sale of the HDD business, or the whole company may fetch a nice price is all about to unfold. I believe the stock may even run to the 200MA longer term and higher. Nice low floater, about 9 million outstanding. Be well everyone. Call me crazy, but if the company is not sold, i think this could be a $20, but that a different story. Just for trading purposes its fun to trade the spikes, as the company turns around, but i think the turnaround is now changing the way the stock will trade as more volume will begin to flow.
http://stockcharts.com/h-sc/ui?s=CDTI&p=W&b=5&g=0&id=p08687501453