Steady Trend Looks To Double Again

Big volume in this stock created the bottom of a pullback to buy.

This solar company just finished a short-term correction in a strong long-term trend.

Click here to get in on the next move higher.

As you can see by the chart below, Enphase Energy, Inc (ENPH) is in a steady uptrend.

It’s also in Investor Business Daily’s #1 relative strength ranked industry group – Solar Energy.

ENPH designs microinverter systems for solar energy systems.

On Wednesday, ENPH had its biggest volume day in a month, and it occurred on a big positive move up.

Additionally, the rally began after a 10-day correction down to near its 50-day moving average.  

This pattern creates a good stop under $9, which would be below the low of the correction and the 50-day moving average.

The entry for the trade is between $9.50 and $10.

There should be support at 9.50 so if it’s trading under that level the trade is suspect, but maintain a stop under $9. And over $10 the trade is working, but it’s too late to enter with a $9 stop.

Trade smart,

Rick Nartarian, Chief Investment Officer
Darwin Wealth Creation