Sep 13, 2012 (SmarTrend(R) Spotlight via COMTEX) -- A123 Systems (NASDAQ:AONE)
is one of today's best performing penny stocks, up 10.3% to $0.40 on 1.9x
average daily volume. Thus far today, A123 Systems has traded 27.7 million
shares, vs. average volume of 14.8 million shares per day. The stock has
outperformed the Dow (10.3% to the Dow's 0.1%) and outperformed the S&P 500
(10.3% to the S&P's 0.1%) during today's trading.
A123 Systems Inc. designs, develops, manufactures and sells advanced,
rechargeable lithium-ion batteries and battery systems.
Over the past year, A123 Systems has traded in a range of $0.19 to $5.13 and is
now at $0.40, 109% above that low. Over the past week, the 200-day moving
average (MA) has gone down 2% while the 50-day MA has declined 9.8%.
A123 Systems has overhead space with shares priced $0.40, or 73.5% below the
average consensus analyst price target of $1.50. The stock should run into
initial resistance at its 50-day moving average (MA) of $0.56 and subsequent
resistance at its 200-day MA of $1.32.
SmarTrend is monitoring the recent change of momentum in A123 Systems. Please
refer to our Company Overview for the results of our proprietary technical
indicators that have been scanning shares of A123 Systems in search of a
potential trend change.
