Plug Power Inc (PLUG)

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5 Stocks Ready to Explode Higher
Stock Quotes in this Article: ARIA, PLUG, SKBI, TEAR, USU
By Roberto Pedone
Senior Contributor
02/12/14 - 02:15 PM EDT

http://www.stockpickr.com/5-stocks-ready-explode-higher.html?puc=quo

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An alternative energy player that could be setting up for an explosive move higher is Plug Power (PLUG) ...

If you look at the chart for Plug Power, you'll notice that this stock has been uptrending over the last month, with shares moving higher from is low of $2.22 to its intraday high of $3.84 a share.
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Traders should now look for long-biased trades in PLUG if it manages to break out above some near-term overhead resistance levels at $4.20 to its 52-week high at $4.90 a share with high volume.
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If that breakout hits soon, then PLUG will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $8 to $10 a share.
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