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
SHORT INTEREST 13.64%
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?
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.