ACTION IS EXTREMELY BULLISH IN SUNRUN
INDICATORS SIGNAL BULLISH CONTINUATION
OPTIONS ACTIVITY IS HIGHLY UNUSUAL
INSIDER BUYING BULLISH.
BREAKOUT CONFIRMED BY VOLUME.
AVERAGE ANALYSTS PRICE TARGET $20.62
AVERAGE ANALYSTS RECOMMENDATION BUY
P/E RATIO
SHORT INTEREST 13.64%
INSIDER TRADE
Tiger Global Long Opportunities Master Fund, 10% owner of Sunrun...
After going topside nearly two weeks ago on solid volume, shares of SUNRUN INC - NASDAQ:RUN find themselves consolidating the recent thrust on lower volume and in a fine manner as we can observe from the Daily chart above.
In addition, the stock presently finds itself perched above all of its important moving averages 20/50/200 DMA's and in fine technical...
- I don't see a good risk-reward rate here, but here is the stock direction I see.
- Longer higher directional movement might be seen after meeting the target and trading in a trading for a good time above the round.
My ideas are in the chart. I've bought it for a couple simple reasons, good earnings expectation revision over the past few months, bulish insider trading, and a great Zack's rating, which I've found to be a good predictor of earnings.
What do you guys think?
-Kristian
Solar industry is coming back strong. Run looks oversold on the daily going into earnings. The last few earnings report have been positive. I feel they will report another strong quarter. I have call options and equity from 2 weeks ago.
$RUN Sunrun holding uptrend - look for a bounce back to $10 in the near term. Expect possible resistance at $10.15. A strong break through that level would be very bullish.
Ending on a black day; sign of an opposite swing with confirmation from other time -frame analysis and solidified by heavy selling and downward oscillators.
Sunrun Inc. is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia. The Company sells to homeowners over the phone, in the field through canvassing and in-home sales and through retail sales channels through its strategic partners. The solar service offerings are provided through its lease and power purchase agreements. It sells solar service offerings and installs solar energy systems for homeowners through its direct-to-consumer channel. It sells solar energy systems to homeowners, as well as related products, such as solar panels, inverters, racking systems and other solar-related equipment to resellers.
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