Great chart play. $$ SUNE $$ Stockcharts.com
Full Stochastics Oversold Condition, despite pop caused by 5% institutional investor short cover.
Recent High $32.50 a share.
Current RSI 49.29 Recent High 67.06
Full Stochastics 34.14, 15.93 Recent High 91.76
200 Day Moving Average $13.36
50 Day Moving Average $3.42
Keltner Band Top $2.85
Keltner Band Bottom $1.31
Options $0.50 to $3.50
02-26-16 Updated CNN Forecast Low $2.00 High $20.00
Since RSI is only 49.29 lots of headroom to RSI 70 possible by 14.6% retail buyers.
RSI 90 possible with further short covering into power zone between 70 and 90 RSI.
This could occur by any institutional buying, or short covering.
SUNE salvage value is about $15.00 a share.
Chart based analysis near short term low $1.75 High $3.50
This could change based on institutional shorting, short covering, or out right buying.
Short Interest (Shares Short) 98,680,100
Short Interest Ratio (Days To Cover) 3.8
Short Percent of Float 42.84 %
Short % Increase / Decrease 5 %
Short Interest (Shares Short) - Prior 93,606,300
Shares Outstanding: 316,721,372
Shares Float 230,370,000
Institutional Stock Ownership 57.5%
Institutional Mutual Fund Ownership 25.0%
Mutual Fund Ownership 2.1%
Insider Ownership 0.8%
Other (Retail etc.) 14.6%
Insider Acquisition (Non Open Market) (2) 162,000 1-26-16 Fidelity
Insider Acquisition (Non Open Market) (1) 50,000 10-01-15 Fidelity
Insider Automatic Buys 09/14/2015 – 09/21/2015 Transaction Shares Buy (2) 14,800
Insider Automatic Buys 08/25/2015 – 09/01/2015 Transaction Shares Buy (3) 22,200
Insider Automatic Buys 08/21/2015 – 08/28/2015 Transaction Shares Buy (4) 84,800
Recent High $32.50 Gap at $5.00 Gap at $2.30 Gap at $1.76
Good Luck To All… Peace Be With You.
AI
