11.3% Return Seen to Date on SmarTrend Capital Product Partners Call (CPLP)
SmarTrend identified a Downtrend for Capital Product Partners (NASDAQ:CPLP) on November 9th, 2012 at $7.21. In approximately 2 months, Capital Product Partners has returned 11.31% as of today's recent price of $6.39.
Over the past year, Capital Product Partners has traded in a range of $5.79 to $8.80 and is now at $6.39, 10% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.9%.
Capital Product Partners LP is an international owner of product tankers. The Company charters its vessels under medium to long-term time and bareboat charters to large charterers.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Capital Product Partners.
Log in and add Capital Product Partners (CPLP) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Keywords: spotlights capital product partners