Stock Chart Analysis SPWR

Posted by downtowntrader | 5/29/2007 08:51:00 PM | 0 comments »

Stock Chart Analysis SPWR

SunPower Corporation (Public, NASDAQ:SPWR)

In the I may be early but the chart looks good category, I submit to you SPWR. It has had a nice breakout of a trading range and is in the process of pulling back to a rising 50 day moving average. I believe it will find support in this area and possibly move higher as soon as tomorrow. My concern is that the odds are pretty good that it will come back to this area again before truly breaking out. I am putting it on my watchlist and may scale in slowly while I wait to see how it behaves in this area.

Good Trading,


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