This stock has been in a range for quite some time, with the 29-30 as strong resistance. Closing above 30 is confirmation of breakout to 45. I don't know whether it's gonna do it next week, considering that there are nearly 30% short interest! It probably needs earth shattering news to accompany the breakout.
Be sure to watch STP as well. STP is trading below its 200dayMA of currently 17.33 . I'm starting to like STP alot because of the Chinese subsidies. STP will get most of the contracts, no doubt. The question remains how serious the Chinese government really is about pushing solar for the long term. STP will reach grid parity within 2 years, claims the Ceo.
Btw, you know I've been pushing solar stocks for about two years now because I believe in the renewable energy revolution and their leading the next (huge) stock market boom. Everyday it seems we are getting closer and closer to taking off for good. If you don't believe in it, maybe consider just buying a tad of SPWRA, FSLR and STP and tuck it away for 5 years and see what happens. You might end up being pleasantly surprised.
Be sure to watch STP as well. STP is trading below its 200dayMA of currently 17.33 . I'm starting to like STP alot because of the Chinese subsidies. STP will get most of the contracts, no doubt. The question remains how serious the Chinese government really is about pushing solar for the long term. STP will reach grid parity within 2 years, claims the Ceo.
Btw, you know I've been pushing solar stocks for about two years now because I believe in the renewable energy revolution and their leading the next (huge) stock market boom. Everyday it seems we are getting closer and closer to taking off for good. If you don't believe in it, maybe consider just buying a tad of SPWRA, FSLR and STP and tuck it away for 5 years and see what happens. You might end up being pleasantly surprised.