Alpha Pro Tech (APT) is one of the very few stocks that have made a huge surge during the initial COIVD outburst in February when the rest of the market crashed. APT manufactures healthcare products and PPE equipment which is of the highest demand in the present world. As the second wave of COVID is threatening the recovery, most of the state governments are mandating the use of masks, this stock is likely to surge back up.
Alpha Pro Tech (APT)
Source: Tradingiew
Technically the stock has flipped its daily resistance level of $17 after struggling in the horizontal channel between $8.5 and $17 after making its 52-high of $41 in late February. The $17 level looks to be acting as support for a push higher. The next level to watch is the previous high of $20.6. Break above the previous high should bring the yearly highs into play in the coming months.
