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Thursday, May 01, 2008 

Wind Power stocks soar following TRN Strong 1Q results

Chart courtesy of stockcharts ( click to enlarge )

TRN "Trinity Industries Inc " The Company manufactures and sells railcars and railcar parts, inland barges, concrete and aggregates, highway products, beams and girders used in highway construction, tank containers and structural wind towers. The stock crossed its 200-day moving average and is at its highest level since mid-November 2007. TRN is a stock that seems to have found a bottom and is setting up for a big bounce. Today volume was huge !!! Technically the chart shows this is the time to place your bet here as many technical indicators show buy signal. MACD and the signal line, for instance are back above 0 indicating Strong Buy signal. In addition the stock is back above 200 day moving average again - another positive sign. Remember, this stock keeps having good earnings and has had some great runs in the past. Let's keep an eye on her.

Chart courtesy of stockcharts ( click to enlarge )

TTEK " Tetra Tech Inc" The Company is a provider of consulting, engineering, construction and technical services focused on resource management and infrastructure. The stock has broken out to all time highs during today session to a new 52 week high at $25.37, however in the final hour stock retracted closing at $25.15. Looking at the daily chart, the stock is still in the bull market as the stock is trading above both 50 day and 200 day moving average and MACD signal line still above 0.

Chart courtesy of stockcharts ( click to enlarge )

OTTR "OTTER TAIL CORP" The Company is engaged in businesses that has been classified into six segments: Electric, Plastics, Manufacturing, Health Services, Food Ingredient Processing and Other Business Operations. Looking at the technical chart, the stock broke out last Friday, when traded up $3.11 on the day. The stock has been consolidating the past few days forming a bull flag, that it was broken over today session. Technically the chart looks really positive as 50 day moving average has just crossed on top of 200 day moving average to form Golden Cross. In addition with MACD on top of 0 showing bull market and KD at high level the stock should kept going for now. Let's keep an eye on her.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!


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Good Call Yesterday!!!

You are a money machine!
I followed yesterday your recommendation and i have to tell you that it was one of my best days in Wall Street, so i have to thank you for your great TIPS! All the best to you!


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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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