My favorite chart from last night’s account builders list NBS ran about 15% today against a market which was completely thrashed. Tomorrow’s market is looking weak and I won’t just put charts out if I’m not actually considering trades on them so I narrowed Tuesday’s account builders list to 1 trade between $.25 and $1 which is QTWW stock.
Quantum Fuel Systems Technologies (NASDAQ:QTWW) is an integrated alternative energy company, develops and produces natural gas, fuel cell, and other propulsion systems, and renewable energy generation systems and services in the United States and internationally. QTWW’s stock has a market cap of $31 million, 3 month average volume of over 1 million and a Beta below 1 which isn’t my favorite except in volatile markets. Today Quantum announced receiving $2.8 million in new orders and the stock advanced almost 7% after an early pull down to $.61 before closing at $.655. Moving forward I like it above the 20 and 50 Moving Averages and am watching for creeping action up to the gap down resistance of $.80. Honestly, this could breakout into that gap at anytime if the low $.70 range falls. Another option should it run into a strong bearish market headwind is scoop $.55 which happens to be the 20 Moving Average, stop below $.52. I like this setup a lot for an account builders play and will be watching it close into the later part of this week.