At Advanced Battery Technologies, a maker of rechargeable polymer lithium-ion batteries, there is a bit of a surge going on that could turn into a run up; there seems to be enough ‘strength of support’ to suggest it. The stock was trading in the $0.80 range at the beginning of this month and is now trading in the $1.60 range, a three week gain of 100%. Good, the “Faithful” holding onto to this stock have regained some lost ground. A $10 million stock buy- back by the Company was key in its recent ascent. I think the shares are still ‘attractive’ even at their current price.
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