Algonquin has had a good run to date and could be a good defensive stock in the event of a down turn. It is coming into earnings so caution advised, but it has bounced and run off their last earnings announcements which is a good sign. It has also broken and closed above an older resistance area so fingers crossed, might be one to watch. Algonquin Power &...
AQN Breaks out of the ascending triangle pattern, setting a new all time high. Need some consolidation and to establish support around $14.70.
CANSLIM screener candidate - very high EPS growth (Q/Q vs last year; YoY; Revenue Growth) Sector rotation to utilities; Institutional Risk off Broken through all Fibonacci retracement lvls from ATH May 2013 Support 61.8% FIB lvl at 7.50 Sitting at 2nd last resistance 7.94. If breaks 8, next resistance 8.29 then clear skies! Buy if breaks 8 on good volume with...