SCTY had a pocket pivot in today's trade. The price/volume action leading up to today's pivot traces out a fairly sharp and narrow base, and while we would like to see more backing and filling before a stronger basing pattern forms, the stock is in the solar group which is currently ranked 2. Further, SCTY has shown leading price appreciation characteristics. Thus, a small position at current levels may be warranted if it conforms to your risk tolerance levels. Another confirming stock in this group is SPWR.
PPR - SCTY 7/9/13
|Published:||9 Jul 2013 20:08 ET|
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