Westport Innovations Inc.
Thursday, June 3, 2 pm Eastern: 14.69
Friday, June 11, close: 18.05
Candlestick analysis: "Hold" on buy of 17.24, June 3 (American Bulls)
Summary: Very interesting that WPRT remains a huge gainer, No. 2 on my list in nat gas. It isn't just about the small float (21.96M). The negative margin and return numbers seem bearish, but Westport has a unique place in the industry and investors are banking on it. What I like best is the wee little debt of $15 million versus revenues of $115 million. The run isn't done for WPRT, but finding the real trading range will be key to successful short-term trading.