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A-Power Energy (APWR) has been generating a lot of buzz over the last week or so. The renewable energy company seems to have been consolidating over the last couple of days and seems poised to pop one way sooner than later.
The stock chart shows a bearish flag pattern, with the support riding inline with 200-day moving average. Both RSI and MACD seem willing to turn upwards. While a break below support is likely, the eminent breakout higher is still available.
Anything below 200 MA (support) is considered bearish.
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A-Power Energy (APWR) Crushed On Private Placement
(Green Stocks Central, 1/21/10)
A-Power (APWR) Takes Another Step Towards 600MW Texas Wind Farm Development
(Green Stocks Central, 2/16/10)
Schumer jumps into debate over wind farm stimulus cash (APWR)
(AlphaNinja, 11/5/09)