All-Time High Stocks: KONE - Kingtone Wireless

The results of this weekend's all-time high stock screen are available on the Stock Screen Results page above. One US stock that caught my eye is Kingtone Wirelessinfo Solution Holding Ltd. (KONE) - which broke out to an all-time high last week. Particularly impressive is that the breakout occurred on the highest volume the stock has ever seen and it pushed through the resistance area that coincided with a round number (4.00). All bullish developments.

I wanted to do some research on the company but wouldn't you know - I got an error when I went to their website (http://www.kingtone.cn/). Not what I would expect from a technology company!

In any case, we know that Chinese stocks have done well recently and networking / wireless / data companies have been flying (APKT, MOTR, et al.). KONE has over 400% EPS growth this year and if this company actually has decent products then there is potential for the stock to ride the tailwinds higher.

From Finviz: Kingtone Wirelessinfo Solution Holding Ltd develops and provides mobile enterprise solutions in China. Mobile enterprise solutions allow company personnel whose work function requires mobility to be connected with enterprise information technology or IT systems, including enterprise asset management (EAM), enterprise resource planning (ERP), supply chain management (SCM), and customer relationship management (CRM). The company's software enables such systems to get extended to personnel in the field using wireless devices, such as smart phones, PDAs, cameras, barcode scanners, portable printers, GPS devices, and tablet computers. The company was formerly known as ReiZii Capital Management Ltd. and changed its name to Kingtone Wirelessinfo Solution Holding Ltd in December 2009. Kingtone Wirelessinfo Solution Holding was incorporated in 2009 and is headquartered in Xi'an, China.

Anyone giving you a 'real champion' is guessing. A stock is a 'real champion' as long as it behaves like one. - Nicolas Darvas

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