Solar Stocks Bouncing off Bottom – Led by Solar Seven
Solar Stocks Bouncing off Bottom – Led by Solar Seven
Point Roberts, South Salem, New York- September 2, 2010 – http://www.investorideas.com/ and its green investor portal, renewableenergystocks.com reports on solar stocks with J. Peter Lynch.
Solar Stocks Commentary with J Peter Lynch – read other articles, Exclusively for InvestorIdeas.com and Renewableenergystocks.com
http://www.renewableenergystocks.com/PL/
Solar Stocks Bouncing off Bottom – Led by Solar Seven
Over the past few weeks the market has been one of those short term “trendless†markets that can drive investors crazy and make it very difficult to make money. The markets as a whole are still in a longer term down trend but one day the market drops over 100 points and the next it moves up over 200 points, but that is the recent volatility that we will have to learn to live with.
However, quietly behind the scenes the solar sector has started to come alive and a number of stocks have been showing strength and have moved above their 50 day moving averages.
As any of you longer term readers know I have always said that two of the keys to successful investing are:
1. Stocks moving above (positive) their 50 day average is a good short term trading tool; and
2. Looking at the relative strength of all of the solar stocks compared to the market will tell you which solar stocks are the “strongest stocks†and therefore which stocks will tend to be the leaders in the next big up move.
At the moment there are 7 solar stocks that are clearly leading the pack and are showing that they, at least for the time being, are the leaders in the group.
Symbol Curr Value % Change since 6/1 %Change YTD
JASO 6.33 36.96 11.0088
JKS 25

By Dawn Van Zant on 09/02/2010 7:45 am PST -- Green