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Interesting SPWR Put And Call Options For August 8th
Thursday, June 26, 11:22 AM ET, by Market News Video Staff

Investors in SunPower Corp (SPWR) saw new options become available today, for the August 8th ...

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Thursday, July 17, 4:35 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Relative Strength Alert For International Rectifier
Friday, July 25, 12:53 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Notable Two Hundred Day Moving Average Cross - IRF
Friday, July 25, 4:05 PM ET, by Market News Video Staff

In trading on Friday, shares of International Rectifier Corp. (IRF) crossed below their 200 day ...

Solar Energy Breaks Below 200-Day Moving Average - Notable for KWT
Wednesday, July 30, 4:04 PM ET, by Market News Video Staff

In trading on Wednesday, shares of the Solar Energy ETF (KWT) crossed below their 200 ...

  More articles:  1 2 3 4 5 6 7 next »

Heaving Buying Triggers RSI Cross (SPWR)

By Market News Video Staff, Thursday, January 12, 4:27 PM ET
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In trading on Thursday, shares of SunPower Corp (NASDAQ:SPWR) entered into overbought territory, changing hands as high as $7.84 per share. We define overbought territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be overbought if the RSI reading rises above 70. In the case of SunPower Corp, the RSI reading has hit 72.5 by comparison, the RSI reading for the S&P 500 ETF (SPY) is presently 72.1.

Investors could look at SPWR's 72.5 reading as a sign that the recent heavy buying is overdue to take a break, which could bring a pullback in the stock. The chart below shows the one year performance of SPWR shares:

SunPower Corp 1 Year Performance Chart

Looking at the chart above, SPWR's low point in its 52 week range is $4.94 per share, with $23.36 as the 52 week high point that compares with a last trade of $7.78.

According to the ETF Finder at ETF Channel, SPWR makes up 4.06% of the Solar Energy ETF (AMEX:KWT) which is trading relatively unchanged on the day Thursday.

See what other ETFs contain SPWR
See what other stocks are held by KWT

SPWR operates in the Semiconductors sector, among companies like International Rectifier Corp. (NYSE:IRF) which is off about 0.5% today and has a current RSI reading of 65.1. Below is a three month price history chart comparing the stock performance of SPWR, versus IRF.

SPWR,IRF Relative Performance Chart


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Heaving Buying Triggers RSI Cross (SPWR) | Market News Video | Copyright © 2008 - 2014, All Rights Reserved

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