Cheap Stock Trading: SpongeTech Delivery Systems, Inc. (SPNG)

It was real cheap before it took a big bounce to .27 SpongeTech a developer sponge - based products, broke out of a symmetrical triangle at the end of May 2009 then channeled back down to find a new support level around .01 before running to an intra day high of .27 in the first part of June. The company designs, produces and markets innovative, cost-effective, and environmentally sensitive packaging and product delivery solutions through its exclusive patented packaging technology.

Source: StockCharts.com

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