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Broadwind Energy (BWEN) Stages Another Breakout From Bullish Triangle
Broadwind Energy (BWEN) is another very bullish looking green stock (the only stock traded on a major US exchange that’s a wind energy pure play that I’m aware of) that has broken out of a series of bullish triangle patterns over the past several months. The first breakout point occurred in early April on a break above around 4.25, the 2nd breakout occurred in mid May just above 8 and a 3rd breakout has triggered around the 9.50 area, setting up the potential for another big move higher.
Full Disclosure: I traded it in mid May for quick gains, but currently have no position.
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More on this topic
(What's this?)
What’s with Broadwind Energy Today?
(Contrarian Profits, 6/26/09)
Bullish Investor Sentiment Rises, But...
(Disciplined Approach to Investing, 3/12/10)
Jeffrey Gendell's Tontine Associates Sells Broadwind Energy Shares (BWEN)
(market folly, 1/25/10)
A Figment of the Bulls' Imagination
(Financial Armageddon, 3/5/10)
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Jun.21
Stocks like this one are obviously set to surge as we deplete other energy sources and as oil prices begin to rise again. I haven’t purchased this one yet, but definitely have my eye on it.