NatGas-Athon – Westport Innovations (WPRT) Disappointing Resuts

Wednesday, February 22, 2012 10:28 am



Be Sociable, Share!

Horowitz & Company’s QFT Analysis on Westport Innovations (WPRT).  

Also, notifications will go out via Twitter

 

Let’s start with an important technical chart…

 

 

Horowitz & Company’s proprietary Technical Scoring System (T|score) takes into consideration both individual security technicals as well as the overall market direction when considering whether or not to purchase a company. H&C’s Market Trend Indicator (MTI) is a measure which is designed to evaluate the overall trend in the market. There are four designated levels to assess the trend which include: Strong Downtrend, Downtrend, Rally and Strong Rally. We are currently in an environment where the MTI is in a Strong Rally. All of our indicators are showing that the markets are in a strong rally and risk is back on. Investors of all risk tolerances may consider moving to a higher level of equities while still looking to pick up companies with increased levels of technicals. With that said, this stock ranks in the mid to high percentile of stocks from an individual security technical score. H&C would not consider purchasing this position in a Strong Downtrend and would have to make a pretty good case to purchase it in a Downtrend. H&C would be looking for an entry point during a Rally and would have no problem entering this position during a Strong Rally to bring up equity exposure.

Below are some of the areas where Westport Innovations Inc (WPRT) excelled or detracted from the value of the technical score:

Stochastics are currently showing some bearish attributes which may mean this stock is slightly overbought in the short run.

In terms of price and volume especially over a short period of time it is important to see if there is any weight behind either a rally or correction. This company has shown to have good price action in terms of volume and therefore has a greater chance to move higher if the overall market and economy are to continue to trend higher. Higher volume with positive price also will provide support levels for this position if it were to decline back to these levels.

On a 12-month rolling period this company has performed very well when comparing against its peers and equities in the S&P 1500. We see this as a positive sign for this company as it shows strength relative to the overall market.

H&C currently sees Westport Innovations Inc (WPRT) in a Short Term Uptrend and Long Term Uptrend”

   ___

Looking to invest in The Disciplined Investor Managed Growth Strategy?
Click HERE for the virtual tour….

___

 

 

    ___

Looking to invest in The Disciplined Investor Managed Growth Strategy?
Click HERE for the virtual tour….

___

Be Sociable, Share!

Comments are closed.


false

Be Sociable, Share!