I held CPST in my IRA account in the 1.20’s since Janurary of 2011. I exited the majority of my shares at 1.67 and again at 2.00. I held the remaining 1,500 shares and forgot about it. Today, Fly surprisingly initiated a position on it for earnings play. I took a look at the chart. No wonder: it took out the 8 month neckline today.
The full blown target is 1.75 area. The first target, though, is my favorite 123% Fib extension target of 1.40. I’d add on retest of the neckline around 1.30 area.