Utility-scale solar projects will add more new capacity to the nation’s grid than any other industry this year, the U.S. Energy Information Administration as reported.
Safe environmentally friendly Solar Power
Sun Edison NYSE: SUNE
$$ SUNE $$
Great chart play. 8:46P.M. P.S.T. 03-09-2016 Long or short term $$ SUNE $$ stockcharts.com daily or weekly... Daily; Immediate short term numbers. Full Stochastics Oversold Condition, despite pop caused by 5% institutional investor short cover. Recent High $33.45 a share.
Current RSI 47.09 Recent High 67.06 Full Stochastics 46.79, 41.38 Recent High 91.76 200 Day Moving Average $12.26 A 538% Profit Magnet from $1.92 Close 03-09-2016 50 Day Moving Average $2.76 Keltner Band Top $2.76 Keltner Band Bottom $1.14 Options $0.50 to $3.50
CNN Forecast Low $0.76 High $20.00
Since RSI is only Current RSI 47.09 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. UNDERVALUED !!
Chart based analysis near short term low $1.70 High $6.00 This could change based on institutional shorting, short covering, out right buying, Extreme Good or Bad News.
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