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StockProfit.com Chart of the Week: Ultralife Batteries, Inc. (NASDAQ: ULBI).

Publication: M2 Presswire
Publication Date: 31-DEC-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 December 2007-StockProfit.com: StockProfit.com Chart of the Week: Ultralife Batteries, Inc. (NASDAQ: ULBI)(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:31122007

Los Angeles, CA -- Tony Golan, Chief Technical Analyst with StockProfit.com, has featured Ultralife Batteries, Inc. (NASDAQ: ULBI) as his Chart of the Week.

According to Mr. Golan, "Ultralife Batteries, Inc. (NASDAQ: ULBI) is starting a strong new long-term up-trend. Over the past year, ULBI was mostly non-trending, oscillating above and below the 200-day moving average, but was unable to sustain much of a trend in either direction. All that, however, changed when ULBI hit a low of 11.95 in late November. Since then, ULBI has been on a tear despite less-than-favorable market conditions elsewhere, hitting a new high of 21.63 on Friday. As a result of the powerful rally, Relative Strength Differential (RSD), our proprietary indicator for selecting stocks in super-strong up-trends, is way above the 25% threshold, indicating that the...

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