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[Costa]

was a stock I alerted to my twiter followers on Thursday as a bottom trade. The stock closed near the highs of the day and above its 50-day EMA for the first time since May on stronger than normal volume. The technical chart shows a stock that is starting to breakout and I would look to the $2.55/2.6 area as the next point of resistance. The bias is likely to remain positive as long as the stock price sustains above 2.06. If we see follow-through on Monday the stock might run hard. From a fundamental standpoint the company is also interesting, it has no debt, trades below book value of $4.14 and has $1.39 cash per share. Keep AXTI on your radar screens.