Potential ABAT Breakout

World falling apart? Maybe some polymer lithium-ion batteries can save the day or a portfolio or two. ABAT is another stock that was very good to me earlier in the year and has based out. Earnings were out yesterday morning and look good once again. While the stock did not break out it did manage to hold up despite the carnage all around. It equaled its closing high of $3 for the past several years. As you can see it has had two spike highs to $3.13 but has not been able to hold. IF it breaks out targeting $4 to $4.50. Initial stops below $2.80. If the market does not allow this one to break out right now or if it tries and fails again do keep it on your radar screen. More good Q's to come and it is sure to get caught up in the hype surrounding the olympics in China next year. Their batteries will power the exciting electric garbage trucks which will service the games. The news of that contract is what attracted me to the stock in March..... actually the volume attracted me and then I saw the news. So keep an eye on it even if it does not break out this week.

Full Disclosure: I own tons of this as well. Go ABAT!