AI
Sunday, June 24, 2012 1:49:18 PM
AONE - A123 Systems - $1.50
FUNDAMENTALS
Institutional ownership is relatively high, with slightly over 50 perceent of the float held by hedge funds and institutional investors. A total of 122 such firms are invested. Major holders include AllianceBernstein, General Electric, Vanguard Group, Invesco, and Barclays Global Investors. Insiders are buying, and selling, and buying.
See: http://www.nasdaq.com/symbol/aone/institutional-holdings
Strong 3 day accumulation. High volume alert: 5.13mil shares, +74.2% compared to typical daily volume over the past 6 months. Typical daily volume is 2.95mil shares over the past 6 months.
TECHNICALS
Here's the setup. After forming a tight and multi-month long downward channel, the anticipated breakout did not materialize. Now, a rounding bottom appears to be setting itself up. Let's look more closely.
Above: Static daily chart displaying the channel resistance lines and the apparent rounding bottom.
Above: Static 8 month daily chart displays Nasdaq Stock Consultant's Rallybands(r), short and long targets, pivot points, moving average targets, etc.
Let's take a closer look at where resistance is, so that we know what we may anticipate.
Above: Static hourly chart displays a "pincher," followed by a breakout. Has since moved back into normal bounds formed by the bands.
DYNAMIC CHARTS
Now, let's look at some dynamic (self-updating) charts.
Above: Dynamic daily chart displays channel resistance. It looks as if it may be setting up for a breakout, however it may pull back providing a buying opportunity. If it does break out of the channel, waiting for a subsequent pullback outside of the channel may be appropriate.
Above: 15 minute dynamic chart adorned with Bollinger bands. At this point, it can either break out, or pull back reverting to the mean.
Above: Dynamic Stocharts.com daily view. Note the recent burst of volume, and the rising MA 50.
Above: Dynamic Renko chart, currently displaying that it may go either way.
[If a dynamic chart does not display properly, refresh the screen].
FUNDAMENTALS
Institutional ownership is relatively high, with slightly over 50 perceent of the float held by hedge funds and institutional investors. A total of 122 such firms are invested. Major holders include AllianceBernstein, General Electric, Vanguard Group, Invesco, and Barclays Global Investors. Insiders are buying, and selling, and buying.
See: http://www.nasdaq.com/symbol/aone/institutional-holdings
Strong 3 day accumulation. High volume alert: 5.13mil shares, +74.2% compared to typical daily volume over the past 6 months. Typical daily volume is 2.95mil shares over the past 6 months.
TECHNICALS
Here's the setup. After forming a tight and multi-month long downward channel, the anticipated breakout did not materialize. Now, a rounding bottom appears to be setting itself up. Let's look more closely.
Above: Static daily chart displaying the channel resistance lines and the apparent rounding bottom.
Above: Static 8 month daily chart displays Nasdaq Stock Consultant's Rallybands(r), short and long targets, pivot points, moving average targets, etc.
Let's take a closer look at where resistance is, so that we know what we may anticipate.
Above: Static hourly chart displays a "pincher," followed by a breakout. Has since moved back into normal bounds formed by the bands.
DYNAMIC CHARTS
Now, let's look at some dynamic (self-updating) charts.
Above: Dynamic daily chart displays channel resistance. It looks as if it may be setting up for a breakout, however it may pull back providing a buying opportunity. If it does break out of the channel, waiting for a subsequent pullback outside of the channel may be appropriate.
Above: 15 minute dynamic chart adorned with Bollinger bands. At this point, it can either break out, or pull back reverting to the mean.
Above: Dynamic Stocharts.com daily view. Note the recent burst of volume, and the rising MA 50.
Above: Dynamic Renko chart, currently displaying that it may go either way.
[If a dynamic chart does not display properly, refresh the screen].
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