Hybrid Technologies, Inc. (HYBT.OB) shares continued upward today, closing up .057% following yesterdays news to close at $3.52. Previously the company announced that it has the honor of being selected to join the worlds most exclusive super cars at a prestigious event held April 24th to 27th of April 2008 in Monaco at the Grimaldi Forum. The L1X-75 all lithium super car was selected to showcase the advancements in all-electric vehicles.
What also is exciting right now is that the company’s stock chart is currently forming what is known as a “Cup and Handle” formation. This is an indicator that stock chartists use to find stocks before they make strong bullish moves, and is a very good sign of things to come for Hybrid Technologies.
Please let us hear your thoughts below: