Sunrun, Inc. (RUN) - Trade Stocks

Sunrun, Inc. (RUN)

By Wed, Sep 23, 2020

Hey there,

With such a hot Summer going on it’s only fair that today’s Chart of the Week comes from the solar sector.

We’re looking for relative strength and an uptick in volatility, and that’s been present particularly in tech and communications.

And out of those sectors, one area that’s shining is solar.

There are plenty of great opportunities here, but there is one that stands out the most, and that is Sunrun, Inc. (RUN).

Beautiful chart with lots to love.

RUN is in the right space, showing great relative strength, and strong positive momentum.

But the icing on the cake?

This stock has the best risk reward ratio in the sector.

We are looking at buying Sunrun, Inc. (RUN) above $60 with a target of $78.

Below $60 we are not involved, but once it breaks that level we are long.

Til next week, good trading,

JC Parets

 

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About the Author

JC Parets, founder of All Star Charts, specializes in finding the most opportunistic risk vs. reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. JC begins with a long-term global macro perspective and then works his way down to the individual sector and industry level before ultimately isolating the stocks that best portray a particular thesis. Price is the most important technical indicator, but JC uses supplements such as Momentum, Relative Strength, and Fibonacci analysis to complete the process.