Sunrun, Inc. (RUN)
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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