A123 Systems (AONE) Continues Pullback as 'Battery Effect' Wears Thin

June 14, 2012 3:34 PM EDT
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A123 Systems, Inc. (Nasdaq: AONE) shares are retreating again Thursday following the massive pop earlier in the week on headlines of new battery technology. A123 moved 52 percent higher on Tuesday, and have since shed about 19 percent of that gain.

Volatility is up 25 points from Wednesday's close to 209 percent.

Shares are about 5.5 percent lower into the close with volume that is slightly lighter than average.

Traders might note that A123's 50-day SMA is at $1.02 while its 100-day SMA is at $1.43.

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