increased in price by 60% in a two week period last October and would eventually more than double in price by the end of 2013
. The rally was stalled by a convertible bond offering, but has since formed a base and has started creeping back up. This is a great looking chart, it appears to be a saucer formation which is the pattern that offers the greatest probability for success. I would rather see this pattern in November, however this deep value investment is ready for purchase now as the company’s turnaround is in full effect. The stock facing heavy resistance at its current level, however a break of the $4.50 level should send the stock back to fill the gap at $4.80 created by the response to the convertible bond offering and then back to test its highs of the year.