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.
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