Long Position on SPWR @ $13.00 on 9/25/2019 (Momentum)

SunPower Corporation (SPWR) researches, develops, manufactures, and delivers solar solutions worldwide.

It operates through three segments: Residential, Commercial, and Power Plant.

The company provides solar power components, including panels and system components, primarily to dealers, system integrators, and distributors. It also offers commercial rooftop and ground-mounted solar power systems, and residential mounting systems.

In addition, the company provides post-installation operations and maintenance services. Further, it leases solar power systems to residential customers; and sells inverters manufactured by third parties.

The company also serves investors, financial institutions, project developers, electric utilities, independent power producers, commercial and governmental entities, production home builders, residential owners, and small commercial building owners. Shares are heading higher in a trendline support. The 50-day moving average, shown in brown, is acting as the tredline support.

Note the entry point 

Entry Point: $13.00

Stop Loss: $12.35

Trading Range: $4.55 - $16.04

Target Price: $14.30

Updates

10/28/2019 1:33:14 PM

SPWR closed at $10

Position closed on 10/28/2019 at price of $10.00 with a -23.08% loss in 33 days.

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