As oil prices continue to creep higher, we need to start looking at the alternative energy stocks and the agricultural chemical stocks (ethanol). You know which stocks I like in the agricultural chemical sector. For alternative energy, I like SOL...I love that ticker symbol...and JASO (they both have a high strength rank and are coming out of nice consolidation patterns). FSLR is one that looks poised to make a huge move. It could move up $30 (or higher) in a short period of time if the market makes another move up. The strength rank isn't very high, but the chart pattern suggests it could be ready to explode! You combine that with the rising oil prices and a alternative energy friendly administration and you've got a higher probability trade. Wait for the breakout of the triangle. I also like SOLF and ESLR. All of this really depends on a market breakout to the upside so keep that in mind and don't just gamble on a trade.
Friday, June 12, 2009
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