Tag Archives: breakout

Akeena Solar (AKNS) Breaks Out With Near Record Volume

I didn’t see any news today that would account for a 22% move with near record volume, but Akeena Solar (AKNS) did breakout today, surging off the 50 day moving average as it appears big traders continue to build positions.  Today’s momentum likely carries AKNS to the 200 day moving average around 2 and potentially beyond in the coming weeks.  Perhaps it’s following that other solar installer stock Real Goods Solar (RSOL) which has more … Read the rest

Hoku Scientific (HOKU) Surging With Heavy Volume Above 200DMA

Hoku Scientific (HOKU) is really surging today with heavy volume above the 200 day moving average for the first time in well over a year.  I don’t see any news today, but the company did announce an economic development package (ie tax breaks) with the City of Pocatello of Idaho which we covered a few days ago.  Perhaps an announcement is coming.  Will update this post if  I find anything.  Some heavy selling pressure coming … Read the rest

Ener1 Inc (HEV) Quietly Breaking Out

While the rest of the green energy market crumbles along with the general market, there are a few green stocks quietly showing strong technical action.  One such company is Ener1 (HEV), the maker of lithium batteries for electric cars.  A few days ago it broke out of a double bottom base and is now forming a handle as volume levels indicate good demand for the stock.  A breakout from the handle above 8.50 and a … Read the rest