Is Plug Power a Buy After Its Earnings Rally?

The Street2021-06-23

Plug Power is charged up and climbing on earnings. But how far can that take the stock? Let's look at the chart. Shares of Plug Power (PLUG) -Get Report were having a good day on Tuesday, up about ...

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Comments

KS_Lee
2021-06-23
KS_Lee
Prefer to wait for some retracement before taking position. High chance can go higher to 40s level.
Venus168
2021-06-23
Venus168
Ok
Slee49
2021-06-23
Slee49
Like
SC_stock
2021-06-23
SC_stock
Buy buy
Clovis
2021-06-23
Clovis
Latest
Crafty88
2021-06-23
Crafty88
Agree has meme stock potential.

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But how far can that take the stock? Let's look at the chart.\n\nShares of Plug Power (PLUG) -Get Report were having a good day on Tuesday, up about ...</p>\n\n<a href=\"https://www.thestreet.com/investing/plug-power-plug-stock-earnings-rally-trading-062221\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLUG","symbol_name":"普拉格能源","start_time":0,"source_url":"https://www.thestreet.com/investing/plug-power-plug-stock-earnings-rally-trading-062221","article_id":"1197132873","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197132873","pubTimestamp":1624433810,"columns":[],"sourceInfo":{"source_id":"lsy1610613172068","name":"The Street"},"weMediaInfo":null,"summary":"Plug Power is charged up and climbing on earnings. But how far can that take the stock? Let's look a","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PLUG":"普拉格能源"},"translate_title":"普拉格能源盈利反弹后是买入吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLUG":0.9},"content_text":"Plug Power is charged up and climbing on earnings. But how far can that take the stock? Let's look at the chart.\n\nShares of Plug Power (PLUG) -Get Report were having a good day on Tuesday, up about 11.5% in the session.\nThe move came after the company reported earnings. Plug Power reportedbetter-than-expected revenue, allowing the stock to jump higher on the day.\nWhile the stock was up nicely in the session, sharesweren’t exactly off to the racesin premarket trading. That's likely as the company's losses widened.\nThis stock has been all over the place, but most recently it’s been under pressure.\nPlug Power rallied alongside NIO (NIO) -Get Report, Tesla (TSLA) -Get Report and other EV stocks. The ramp in GameStop (GME) -Get Report and AMC Entertainment (AMC) -Get Report didn’t hurt either.\nBut the relentless buying eventually caught up with speculators as Plug Power was obliterated.\nShares fell more than 75% from the peak in January to the low in May. As it tries to turn the corner now, let’s take a closer look at the stock.\nDaily chart of Plug Power stock. Chart courtesy of TrendSpider.com\nAhead of earnings, Plug Power stock was giving mixed signals. It was below the 200-day moving average, while the 10-day and 21-day moving averages were acting as resistance.\nOn the flip side, the 50-day and 50-week moving averages were acting as support. Further, shares were doing a good job holding up over $28.50.\nRemember, Plug Powerhas “meme-stock” potential, in that when bulls decide to ramp a stock higher, they could easily pick this one. Particularly with the stock rallying on earnings and sporting a short interest close to 10%.\nWith Tuesday’s rally, Plug Power is ripping through all of its major moving averages - including the 10-day, 21-day and 200-day - and threatening to clear the June high at $34.38.\nThat’s a big level. If it can clear that mark, there’s not much in the way to stop it from rallying to $40.\nNow that’s not to say that itwillrally to $40. Just that there’s not a lot in the stock’s path from a technical perspective should it clear the June high.\nIf shares gain momentum and start to push up toward $40, bulls will likely have their attention on the gap-fill near $42.\nOn the downside, look for previous resistance to act as support.\nFor instance, if Plug Power pushes through the June high but the rally fizzles out, look for the $34.50 area to act as support. Or if it can’t push through the June high, look for Plug Power to find the 200-day moving average as support.\nBelow that puts the 10-day and 21-day moving averages in play. Bulls will need to see these measures turn from resistance to support if they want the narrative to change.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":123713835,"gmtCreate":1624438671527,"gmtModify":1703836698262,"author":{"id":"3579578865458065","authorId":"3579578865458065","name":"KS_Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579578865458065","authorIdStr":"3579578865458065"},"htmlText":"Prefer to wait for some retracement before taking position. High chance can go higher to 40s level.&nbsp;","listText":"Prefer to wait for some retracement before taking position. High chance can go higher to 40s level.&nbsp;","text":"Prefer to wait for some retracement before taking position. High chance can go higher to 40s level.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123713835","repostId":1197132873,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":123731167,"gmtCreate":1624438155659,"gmtModify":1703836684162,"author":{"id":"4087185180550510","authorId":"4087185180550510","name":"Venus168","avatar":"https://community-static.tradeup.com/news/4896107829fe32fd3a83e066df1681a0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087185180550510","authorIdStr":"4087185180550510"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123731167","repostId":1197132873,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":123473391,"gmtCreate":1624436755713,"gmtModify":1703836642227,"author":{"id":"3581993357014262","authorId":"3581993357014262","name":"Slee49","avatar":"https://static.tigerbbs.com/a4a9c556617a3ec3446f5c1c667b4aa0","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1,"idStr":"3581993357014262","authorIdStr":"3581993357014262"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123473391","repostId":1197132873,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":123456353,"gmtCreate":1624436093572,"gmtModify":1703836617785,"author":{"id":"3581853307661587","authorId":"3581853307661587","name":"SC_stock","avatar":"https://static.tigerbbs.com/6ed66f31eef2c2bf0ffa59e556be6975","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581853307661587","authorIdStr":"3581853307661587"},"htmlText":"Buy buy","listText":"Buy buy","text":"Buy buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123456353","repostId":1197132873,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":123461742,"gmtCreate":1624435149486,"gmtModify":1703836589443,"author":{"id":"3567334160384350","authorId":"3567334160384350","name":"Clovis","avatar":"https://static.tigerbbs.com/73b05e590917a4a3dc09d005cfc1bac2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3567334160384350","authorIdStr":"3567334160384350"},"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123461742","repostId":1197132873,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":123460755,"gmtCreate":1624435020278,"gmtModify":1703836581527,"author":{"id":"3582170357244455","authorId":"3582170357244455","name":"Crafty88","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3582170357244455","authorIdStr":"3582170357244455"},"htmlText":"Agree has meme stock potential.","listText":"Agree has meme stock potential.","text":"Agree has meme stock potential.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123460755","repostId":1197132873,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":41,"commentSize":13,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1197132873"}