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.

Related Recommended Articles

• Advanced Battery Technologies - Retrace To End 2008
• Advanced Battery Technologies - Steady As She Goes
  

Subscribe to The 52 Week Experiment

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.

Related Recommended Articles

• American Capital - Performed Better Than Expected
• American Capital - Bouncing
• American Capital - Carving Bottom
  

Subscribe to The 52 Week Experiment