SatCon Technology [SATC 1.18 -0.05 (-4.07%) ] is a clean energy technology provider of utility grade power solutions for the renewable energy market, primarily the large-scale commercial and utility-scale solar photovoltaic markets.
From a technical perspective, SATC is moving to the upside here right off some near-term support around $1 with above average volume. This move is quickly pushing the stock within range of triggering a near-term-breakout trade. That trade will hit once SATC manages to clear $1.36 with high volume.
Traders should now look for long-biased trades once SATC manages to sustain a move or close above $1.36 with volume that's near or above 159,897 shares. At last check, SATC has hit an intraday high of $1.27 and volume is a bit above its three-month average volume. If that breakout triggers soon, then look for SATC to retest or possibly take out its 50-day moving average of $1.71.
www.cnbc.com/id/48610692
