Long Position on RUN @ $18.60 on 6/28/2019 (Momentum)

Sunrun Inc. (RUN) engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States.

It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers.

The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network. 

Sunrun also offers a home solar battery service, Sunrun Brightbox, which manages household solar energy, storage and utility power. Sunrun says it has more than 242,000 customers. 

Shares have formed a bullish "cup and handle" and are expected to move higher from this formation.

Entry Point: $18.60

Stop Loss: $17.50

Trading Range: $8.81 - $19.28

Target Price: $20.46

Updates

7/17/2019 11:09:06 AM

RUN closed at $20.87

Position closed on 7/17/2019 at price of $20.87 with a 12.20% gain in 19 days.

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