Stock Trends
Energy-ish
Good morning,
There’s no real theme across today’s Stock Trends report, as the market remains in a trading range (and short-term downtrend), and we’re taking a cautious approach to putting money to work.
However, there are almost always going to be opportunities, and we’ll start with three long ideas that are energy-adjacent and have great tactical setups.
We’ll also review:
Badly behaved consumer staples
Small-cap bases building momentum
Hot List updates
Mag 7 stocks at key inflection points
and more!
Energy-ish
The three following long ideas aren’t your traditional S&P 500 energy sector stocks. What they do all have in common, though, is strong charts.
Big breakout for Solaris Energy Infrastructure
Featured at $40 back in September, SEI is breaking out of nearly the exact same setup again. The measured target off this base is $80, suggesting more upside, despite the ~30% gain in the past three days.
SolarEdge continues to set up well
Up 24% in the past four days, and 16% since it was highlighted two weeks ago. But the real gains lie on the other side of $48.
GE Vernova breaking out for another leg higher
We’ve seen this pattern work multiple times in the past year; no reason to doubt the potential follow-through will be any different this time.
