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!