APKT moved up some 200% from the last follow through in the markets in February. Despite the recent weakness and increased volatility in the market indexes (shown in the first chart above); APKT has moved sideways with very tight weekly price action (shown in the second chart above).
As I have alluded to before, APKT has outstanding fundamentals and satisfies all the requirements for stocks I like to get long of. It has a great story and recently launced a new product.
The only problem now is that the markets are still in a correction that begun in late February. This is the last requirement of the CANSLIM system that has prevented the "All systems go!" alert.
In the meantime, however, APKT continues to act beautifully and as soon as it breaks out past the pivot point of $27.75 or forms a handle after the market indexes have confirmed the start of a new trend I will look to get heaviliy long of this leading stock!
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