API - Breakout (after double bottom)

API Group closed at 19.5p today (up 3.5p or 21.88%). This comes following the recent news about the disposal of API's joint venture interests in China. Since the release of the much improved interim results, on 2nd December 2010, API has been hovering around the 15 - 16p level. The chart (below), shows the recent action...

The volume yesterday (6.73m shares) was quite decisive and was followed by todays rise, on lower volume (527 thousand shares). As you can see, with good technical indicators and now with the fundamentals seeming to be on an improving trend, this is one well worth watching for us DIY-Investors!

Luminar Group Holdings (LMR) - Breakout?

Luminar closed at 15.75p today, breaking through the short-term resistance line and showing the first signs of life since its last minor high on 20th October 2010. The sharescope graph (below) shows very clearly the gradual splutterings of life beginning to appear.

The on balance volume (OBV) has remained strong since October and, until today's announcement about recent trading, there really hadn't been any significant response to LMR having refinced its debt in December.

However, Luminar made it into the DIY-Investors.com picks for the year and so we are not too surprised to see signs of life. For the list of ten sharepicks for 2011 and details of last years market beating performance, check out the newsletter on the DIY-Investors.com website HERE.