AONE - A123 Systems

A123 Systems, Inc. designs, develops, manufactures, and sells rechargeable lithium-ion batteries and battery systems. Its batteries and battery systems, based on its proprietary nanophosphate chemistry, provide a combination of power, safety, and life. The company principally serves the transportation, electric grid services, and portable power markets in North America, Asia, and Europe. It has a joint venture with SAIC Motor Co. Ltd. to develop, manufacture, and sell complete vehicle traction battery systems for use in hybrid electric and pure electric passenger vehicles, and heavy duty truck and bus applications in the People's Republic of China. A123 Systems was founded in 2001 and is headquartered in Watertown, Massachusetts.

A123 Systems has been on a price advance for the past 5 weeks as it continues to make higher highs and higher lows. The stock is above its 5, 10, and 50 week moving averages. Downside support is currently at $18.46 with upside resistance at its previous high in price at $28.20. The stock has been moving higher after breaking above the $17.05 pivot point area in which subscribers were alerted. The stock is up 30.46% for the month of December. All indicators are pointing to a continuation in the price of the stock going forward. To end the week in trading A123 Systems closed at $21.07 up $1.16 or 5.83% higher on upside volume of 5.18 million.