Alternate Energy Holdings (fka AEHI)

[SPM555]

This may not be the ground floor price levels for this stock, but the first rally went so smoothly and we’re set up so nicely right now on this potential second one that risk to reward is still heavily in our favor here. The rally in May was short and very steep, but after almost three months of profit taking, the stock is still holding up beautifully. The multi month consolidation has pretty much completely negated the overbought levels the May rally brought on, and as soon as the price breaks this breakout trigger point (.65), I’d expect some momentum to come in. Ideally the price can continue to consolidate here right under the .65 resistance and hold above the 15 EMA, but I can see this one breaking at any moment.

http://flippingpennystocks.com/?p=500