Buy at 25.50,
Long on housing-related stocks, and that includes solar for first time home buyers and Gen X 'ers.
* quadruple bottom
* Narrowing and consolidation
Price met resistance at 27.50 and came back down. Expect it to meet this level (27.40) again soon. If it goes through that, it could make a breakout with the nearest upward resistance around 28.90.
Buy now, buy more in the orange zone. As always, watch the price of oil . Energy sector is correlated. When oil goes up, energy stocks go up.
SPWR, FSLR both jumped, and both may retrace some. But I sold them for the money. Will buy back when price retraces.
These two stocks are good holds for a few reasons. Younger first time homebuyers will want to use solar on their new homes. And businesses will too. What happens if entire chain stores go solar?