Sunpower shares are today very active today
Friday, December 07, 2007
Sunpower shares are today very active after Jefferies upgrades company on profit outlook, citing that Sunpower will report much stronger profit growth than its rivals over the next three years. Looking at the daily chart, stock is trading in a strong Bull Market, with share price above its 50 and 200 daily moving average. Over the past weeks stock lost some ground due to the instability that markets have suffered. However, most of recent losses were recovered and stock has gained again some momentum to move up, so at this point, it will be very interesting to know, whether stock will have strength to break $135, because it currently the only resistance before a test to all time highs. Keep an eye on this fact.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.
Labels: SPWR
