TAN: A 'So Bad, It's Good' Play, Undervalued, Bullish Technicals Emerge (Rating Upgrade)
- I am upgrading TAN from a hold to a buy due to undervaluation, improving technical patterns, and a bullish RSI divergence relative to SPY.
- Despite bearish sentiment and a 60% drop since summer 2022, TAN's price-to-earnings ratio is now attractive at 14, with a PEG ratio of 0.7.
- TAN's concentrated portfolio, high standard deviation, and cyclical risks suggest taking a small stake; use limit orders around market open.
- Seasonal trends are bullish from December through February, and technical indicators suggest a potential upside reversal if TAN climbs above $37.
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Back in the summer, I outlined a counterintuitive Trump trade. Shares of the Invesco Solar ETF (NYSEARCA:TAN) performed very well during The Donald’s first four years at POTUS. Today, with the 45th president
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You are very perceptive, bro, stay that