SPAB Ready to Launch Again

Spacehab Inc. (SPAB) is in an industry that has always been forgotten by investors. Most people chased for the internet, biotechnology, retail and so on.. but spacecraft? This is probably why this penny stock never took off for the year, trading at most $1.41 in June but came all the way back to 56 cents recently. This is probably not yet the time to put all your bets on the aerospace company but if you are like daytraders who's just looking for a quick cash this could be a one in your radar.

Looking at the technical chart, you would see after the stock hit the 52 weeks low in early November, the huge rally that follows brought the stock back above 50 day MA. Another crucial element is the volumn which recently received two huge spikes showing some heavy buying since the stock is still going up after the huge volumn spike. Other supporting technical indicators are KD and MACD, both showing buy signal with K line on top over D line and MACD about to back above 0. Maybe afterall this is finally the time that the stock is going skyrocketting.