SUNW Stock Price is up almost 100% in one month, but is the stock to pricey to buy? Is this breakout stock going to continue to run? Keep reading to find out.
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Before we get started, I wanted to introduce myself to you. Hi 🙋♂️ I’m Alexander Goldman and I have been successfully trading breakout stocks and trending stocks for two decades now.
I’m now helping traders find breakout stocks. My claim to fame is the expert at finding trending stocks.
What do I mean by big winners?
Stocks that move more than 100% in a month! SUNW Stock Price could?
Does that always happen, NO! But, I’m very good! Take a look at this article I wrote, where I called 5 stocks, 3 losers and 2 winners and they all did what I thought!
The article is HERE where I shine a spotlight on trending stocks and breakout stocks!
Now, let’s go over some of the basic information on this stock before we get in the technical analysis
Sunworks Inc. Company Information
Sunworks, Inc. engages in the provision of photovoltaic based power systems for the residential, commercial, and agricultural markets. Its services include design, system engineering, procurement, project installation, construction, grid connection, warranty, system monitoring, and maintenance. The company was founded by Roland F. Bryan, Mark P. Harris, and Christopher T. Kleveland in 1983 and is headquartered in Roseville, CA.
Company Name: Sunworks Inc.
Ticker: SUNW
Exchange: NASDAQ
Website: https://sunworksusa.com/
Sunworks Inc. Company Summary:
SUNW stock price is due to News?
Colliers Securities analyst Donovan Schafer CFA reiterated a Buy rating on Sunworks (SUNW – Research Report) today and set a price target of $5.50. The company’s shares closed last Friday at $2.24, close to its 52-week low of $1.70.
According to TipRanks.com, CFA is a 1-star analyst with an average return of -11.9% and a 30.8% success rate. CFA covers the Consumer Goods sector, focusing on stocks such as Electric Last Mile Solutions, Lightning eMotors, and Hyzon Motors. HERE
SUNW 5 Day Chart
SUNW Stock Price Technical Analysis:
I love this stock! I believe it has consolidated after the big run and will test $5 again soon for a handsome 25% gain.
I would place a stop loss at $3.60 and sell at $4.90 if it has difficulty beating $5
This is Alex, reminding all the traders out there to leave your emotions at the door and never, ever, try to catch a falling knife. I strive to find breakout stock alerts and deliver them before the market finds out.
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