Market Blog Technical Analysis

Great breakout move on strong volume surge for Plug Power

Antonio's Perspective Plug Power Inc (NASDAQ:PLUG) after nearly two weeks of consolidation in the 2-2.19 area, broke out today, up 18 cents, or 8.78% on decent volume. This consolidation break to the upside confirms a short-term trend reversal and the beginning of new momentum, which could move the stock above its two-month high in the 2.5 area. Daily technical indicators are in bullish zones. The MACD indicator is rising above