Solar stocks have started to break out today. First lets look at the sector ETF which Claymore so cleverly named TAN
TAN:
Notice the consolation the last few days and the break out today along with volume. A break above 10.50 is confirmation of the bullishness
SOLF- here is the true break out stock of the sector. First notice the Hammer formed yesterday, that was bullish. Then today the stock breaks out above two resistance points on huge volume. This stock could break out to the 200EMA.
JASO- I snatched up some of this guy pre-market around 2.80. This is support for this stock it bounced off this today very well. A break above the 50EMA would spur further upside.
YGE- another solar in a strong up-trend and above its 200EMA
One thing I like about this sector is the stocks are breaking out and the STOCH on them are all in neutral territory so if the do run up, they will not hit overbought levels quickly. For more information on Solar stocks go to http://www.solarfeeds.com/
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts and ideas are not meant for investment purposes and only serve as technical examples.