2nd Chance (technical)

2nd Chance: is +3.8% at $0.41 on above avg volume, on virtually no news, other than the co's continuous share buybacks and the recent entry of Fidelity as a significant sh/h (5.06% stake). The traditional peak season (Ramadan) has just passed for 2nd Chance, and the co has just completed its fiscal year ended 31 Aug. The share price rise suggests that the market is building in expectations of a good set of FYAug12 results. Technically, the stock is at a 52wk high, and the accompanying volume break out today positions 2nd Chance as a possible bullish break out candidate. A further rise above the $0.43 all time high / resistance level, would confirm the upward trend.