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Ocean Power Technologies Surged To Over Nine-Month High Tuesday
10/14/2009 8:39 AM ET

RELATED NEWS
Ocean Power Technologies Appoints Charles Dunleavy As CEO, Replacing Mark Draper - Quick Facts
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Trade OPTT now with
(RTTNews) - Ocean Power Technologies (OPTT: News ) and Lockheed Martin Corp. (LMT) announced Tuesday morning that they signed a commercial engineering services agreement to develop OPT's wave energy systems for use in future utility-scale power generation projects.

Ocean Power Technologies broke out around mid-morning Tuesday and climbed throughout the first half of the afternoon. Shares finished up by $2.40 at $7.72 on the highest volume of the year. The stock re-crossed its 200-day moving average and surged to over a 9-month high.

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