Capital Product Partners L.P. (CPLP) : Traders are bullish on Capital Product Partners L.P. (CPLP) as it has outperformed the S&P 500 by a margin of 18.37% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 14.55%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 15.25% in the last 1 week, and is up 26.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Capital Product Partners L.P. (NASDAQ:CPLP): The stock opened at $3.99 on Friday but the bulls could not build on the opening and the stock topped out at $4.00 for the day. The stock traded down to $3.85 during the day, due to lack of any buying support eventually closed down at $3.93 with a loss of -0.51% for the day. The stock had closed at $3.95 on the previous day. The total traded volume was 782,206 shares.
The stock has recorded a 20-day Moving Average of 24.64% and the 50-Day Moving Average is 32.39%. Capital Product Partners L.P. is up 7.59% in the last 3-month period. Year-to-Date the stock performance stands at -22.56%.
Capital Product Partners L.P. is an international owner of tanker, container and drybulk vessels. As of December 31, 2014, the Companys fleet consisted of 30 vessels with 2.1 million deadweight tonnage (dwt) capacity, including four Suezmax crude oil tankers, 18 medium range (MR) tankers, all of which are classed as International Maritime Organization (IMO) II/III vessels, seven post-panamax container carrier vessels and one Capesize bulk carrier. Its vessels are capable of carrying a range of cargoes, including crude oil, refined oil products, such as gasoline, diesel, fuel oil and jet fuel, edible oils and certain chemicals, such as ethanol, as well as dry cargo and containerized goods. The Company provides marine transportation services under medium to long-term time charters or bareboat charters with various counterparties, such as Maersk Line, BP Shipping Limited, Overseas Shipholding Group Inc., Engen Petroleum Ltd., Repsol Trading S.A. and SUBTEC S.A. de C.V.