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After Yesterday's Rally of 4.32% Shares Could Potentially Pullback

By James Quinn

Sunpower Corp (NASDAQ:SPWR) traded in a range yesterday that spanned from a low of $10.32 to a high of $11.42. Yesterday, the shares gained 4.3%, which took the trading range above the 3-day high of $10.43 on volume of 4.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Sunpower Corp share prices have been bracketed by a low of $5.84 and a high of $16.41 and are now at $10.82, 85% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 1.2%.

SmarTrend recommended that subscribers consider buying shares of Sunpower Corp on May 22nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.59. Since that recommendation, shares of Sunpower Corp have risen 36.6%. We continue to monitor SPWR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders sunpower corp

Ticker(s): SPWR