Westport Innovations went from dearly loved by all to outcast for no particular reason. Buy low, sell high is the only adage that counts. If there ever was a stock that fits the bill this is it. As always we were not looking as it bottomed but there is still time. It is virtually guaranteed to go to $7.50 – top of triangle wave 4 – and may very well even close the gap from $9 to $11. Either of those levels will result in a respectable gain with hardly any risk!
In the bigger picture wave 4 is at about $20 which would be a fairly normal 38% bounce. This is a semi-log chart so that does not show that well. In short this is one of the best that I have seen in a long time.