Clean Diesel Technologies Sputtering Out

Shares of Clean Diesel Technologies CDTI are ticking lower this afternoon and it looks like the stock has formed another sharp reversal. While CDTI trading higher at the open and touched $6.37, shares are now lower on the session by 3.14%, trading at $5.87. Clean Diesel Technologies has shown this pattern three times within the past six months (sharp spikes followed by reversals), therefore it seem likely that the stock will repeat the pattern. Look for shares to test support ~$4.00. Note that Clean Diesel Technologies has only 2.66% short interest. Clean Diesel Technologies, Inc., along with its business combination with Catalytic Solutions, Inc., is a vertically integrated global manufacturer and distributor of emissions control systems and products, focused in the heavy duty diesel and light duty vehicle markets.