Momentum dispersion is widening across growth and solar-related names this week, with AXTI ($AXT Inc) pressing extended levels, while TAN components like ARRY ($Array Technologies) and RUN ($Sunrun) show constructive base structures and relative strength leadership.
$AXT Inc(AXTI)$ is in a strong trend with VARS and has a history of pulling back from 10× ATR% from the 50-MA since recapturing it's 200-MA in January 2025.
It's currently at at 5.5 x ATR% from 50-MA and has traded at beyond 1xATR for the last 3 bullish day, short term extended in all aspect imo.
$Sunrun(RUN)$ – Another $Invesco Solar ETF(TAN)$ name with a clean, extended base with 7-month VARS alongside $Array Technologies Inc.(ARRY)$
$Array Technologies Inc.(ARRY)$ - Relative Strength Leader Forming a 19-Month Rounding Base with Nett Institutional Inflows
A few TAN solar names are on my focus and stalk list published exclusively today, but ARRY stands out. It has the longest multi-month base, shows net institutional inflows over the past three months, and meets CANSLIM parameters, with price bottoming with last 3 consecutive quarters of YoY EPS and Sales Growth, exceeding estimates.
Price is now just 2% below its 52-week high at less than 3.6 x ATR% from 50-MA, with a solid three-week cushion ahead of the next earnings report on Feb 25 after hours. This could be a classic 'Institutions move first, price follows' story.
Go through your watchlist, which other TAN names are you eyeing this week?
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