Broadwind Energy (BWEN) Stages Another Breakout From Bullish Triangle

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08:29:44 am on June 12, 2009

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.

61109_bwen

Full Disclosure: I traded it in mid May for quick gains, but currently have no position.

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Comments  
Mark
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.

 
Chuck
Jun.22

They don’t have a choic bt to surge. Green is invading everything. Look at heating and air conditioning companies for example. They are starting to install geothermal systems because of the demands for them by the public and the taxs credits available.

 
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