Advanced Battery Technologies - Slips By Resistance

Advanced Battery Technologies (Nasdaq: ABAT) continued the steady climb today and slipped by the resistance at $3.00, reaching a high of day of $3.04 and closing the session at $3.03. In mid-2007 when ABAT broke through the resistance, the stock retraced slightly and consolidated before climbing to a high of $9.66 over the next few months. Volume rose significantly in the last hour of trading today, so ABAT may have enough momentum going into tomorrow's session to continue the upward trend rather than retrace as the stock did in mid-2007. Whether the stock goes up or down tomorrow, I remain strongly bullish on Advanced Battery Technologies over the long-term.

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American Capital - More Huge Gains

Today American Capital (Nasdaq: ACAS) blew expectations out of the water. Going into the session, my expectations were that at best American Capital would test the 50MA before retracing. Not only did ACAS surge past the 50MA at $6.20 and reach a high of day of $7.39, but the stock closed strongly at $7.31 without giving back gains. I would offer analysis and say the stock is reaching overbought territory, but American Capital continues to leave my exit analysis in the dust. To those who have stayed with American Capital since $3 when I recommended it, I salute you.

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American Capital - Performed Better Than Expected

American Capital (Nasdaq: ACAS) blew by the resistance at $4.00 reaching an intraday high of $5.39 and closing Monday's session at $5.20. American Capital closed up 73% from when the stock was recommended and up 88% from the 52-week low. Yesterday's chart setup looked great and ACAS performed even better than expected. Tomorrow, American Capital will likely open the session bullish, but given all of the bad economic news expected this week, I would recommend thinking hard about an exit point.

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American Capital - Bouncing

After American Capital (Nasdaq: ACAS) appeared to nearly fall through yet another bottom, the stock has showed a bullish face over the last couple of days. American Capital reached a high of day of $3.84 and closed the session at $3.68. The MACD has shown positive divergence over the last couple of months and the ADX has sharply turned from indicating a sharply bearish trend to indicate a bullish trend. The 4MA has crossed the 9MA, and tomorrow, the 9MA will likely cross the 18MA, providing for a bullish triple moving average crossover. Resistance looks to be near $4.00, but tomorrow will tell whether ACAS has the momentum to continue.

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Rentech - Did Not Gap, But Broke Through Resistance

Rentech (AMEX: RTK) did not gap above the resistance at $0.70 Wednesday morning as indicated to watch for. However, RTK did move through the resistance on Friday. Rentech reached a high of day of $0.78 and closed Friday's session strongly at $0.77. Rentech faces more resistance near $0.80 and into the $0.90s. At this point, the ship sailed and I am not looking to enter the stock tomorrow.

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Uranium Resources - Broke Through Resistance, But White Spinning Top Indicates Indecision

Uranium Resources (Nasdaq: URRE) moved past the resistance at $0.70 as well as the resistance at $0.80. Reaching a high of $0.91 in Friday's trading session, URRE closed at $0.84. Uranium Resources faces more resistance near $1.00, although the white spinning top indicates it may not test the resistance this run again. The stock was recommended near $0.50, so taking profits is not a terrible idea at this point.

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