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Ormat Technologi Has Returned 17.6% Since SmarTrend Recommendation (ORA)

By David Diaz

SmarTrend identified a Downtrend for Ormat Technologi (NYSE:ORA) on February 5th, 2018 at $66.61. In approximately 1 month, Ormat Technologi has returned 17.57% as of today's recent price of $54.91.

Ormat Technologi share prices have moved between a 52-week high of $70.68 and a 52-week low of $41.12 and are now trading 34% above that low price at $54.91 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.3%.

Ormat Technologies, Inc. designs, develops, builds, owns, and operates geothermal power plants. The Company also designs, develops, and seeks to own and operate, recovered energy-based power plants using equipment that it designs and manufactures.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Ormat Technologi.

Log in and add Ormat Technologi (ORA) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights ormat technologi

Ticker(s): ORA