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wolfstreetswinger

AMSC - Long - breakout continuation

Long
American Superconductor Corporation (NASDAQ:AMSC)  
wolfstreetswinger Updated   
NASDAQ:AMSC   American Superconductor Corporation
Energy Commodities microc
3
0
energy microc
Hi guys just thought i would share this one, i am away for the holidays so i wont be sharing much for a while. Throughout 2017 i will be focusing a lot on energy and micro power and amsc is a nice microcap stock mainly specializing in the wind turbine industry that i think can do quite well with earnings and revenue on the up. I bought a number of shares on the breakout which i will be hoping to hold for some time and I've recently triggered more long positions as we've bounced off resistance turned support and the 50 -100 dma's expecting a strong rally as we break the 200dma and i will be looking to book some profits around $10.50
Comment:
Bottom fishing - amsc has been slowly moving away from its extreme low $3 range. Not expecting any speedy recovery but im happy to let this one sit in my portfolio for some time unless we return to extreme lows
snapshot
Comment:
Could still dip safe entry would be to buy a break here
snapshot
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