$APT (Alpha Pro Tech) is a basic materials sector company that is setting up for a nice run. It is not ready to take off yet but you should monitor closely. We had an attempt to breakout the right shoulder of the formation and we failed. This is a good sign it means less participants will believe and the price will move easier in the second attempt. Consider having a 30% position in this area with a stop under 11.50 and add on the break of the descending trend line the rest 70% of the position. Watch to the volume and the market to help the stock lift.
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