Overbought and overdone. Time to sell BWEN. At overhead resistance, money losing garbage stock!
Broadwind, Inc. manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States.
With an average cost of 3.56/s on BWEN, the targetted sell range is a temporary previous-high (roughly) at 5.7/s. That said, trends are not supporting this run. Potential EXIT @ 3.40. This is currently targetted as a LONG to match the traceback to these lower levels, preying on a full-correction to that mark. This is quite far from the most profound analysis...
With BLDP price above the supporting moving averages I believe the price continues to trend higher. BLDP I'll take this trade.
Broadwind Energy, Inc. is engaged in the manufacture of structures, equipment, and components for clean tech and other specialized applications. It operates through the following business segments: Towers and Heavy Fabrications, Gearing, Process Systems, and Corporartes. The Towers and Heavy Fabrications segment manufactures towers for wind turbines. The Gearing...