Author Archives: Scalper1
Solar Stocks Rally Shows Significant Chart Action
Solar-related stocks rallied Wednesday on the news that Congress plans to extend a solar investment tax credit by five years. First Solar (FSLR), SolarCity (SCTY), SunEdison (SUNE), SunPower (SPWR) and Sunrun (RUN) led the gains. Not only are their double-digit share-price increases substantial, they’re also significant: First Solar jumped 10% in big volume, gapping above a 59.95 buy point and hitting its highest level in 15 months. SolarCity
Piggybacked Cybersecurity Bill May Rile Apple, Google
Congress bowed Wednesday to mounting pressure in the aftermath of the Paris terror attacks that left 130 people dead last month, tacking a cybersecurity provision onto Rep. Paul Ryan’s $1.15 trillion spending plan. Legislators are scheduled to vote Friday on the overall bill. The cybersecurity proposal shields companies that voluntarily share threat data with the U.S. government, through the U.S. Department of Homeland Security, from any resulting