Thursday, April 12, 2007

Solar Stocks- STP




has anyone noticed how solar stocks has been the rage the last few weeks? Ofcourse, you have. FSLR, ASTI, ESLR, SPWR have all recorded atleast yearly highs. STP however has been the bastard child of this group- pretty strange considering that a) it has positive earning ever since its IPO last year and the best P/E ratio among the lot, b) Manufacturing facilities in China (Comeon, do you want me to spell out LOWER COSTS?)

If you see the 6 month chart, you can see a descending triangle formation with a bullish MACD. The (12,26) MACD line and EMA lines just cris-crossed below zero indicating a bullish scenario. The 5- day is above 10-day EMA and the 50-day has flattened. This is getting close to a nice setup.

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1 Comments:

Blogger Vlada, Czech Republic said...

Hello,

nice blog. What do you think about Solarworld (SWV.DE) among solar stocks. I am considering entry to long position.

Have a nice day.

Vlada
www.stockweb.blogspot.com

12:17 PM  

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