Broadwind Energy (BWEN - Get Report) is engaged in providing products and services to energy, mining and infrastructure sector customers, primarily in the U.S. This stock is trading up 9.7% at $2.57 in recent trading.
Today's Range: $2.30-$2.6152-Week Range: $1.70-$9.20 Volume: 173,000 Three-Month Average Volume: 108,512 From a technical perspective, BWEN is ripping higher here right off some near-term support at $2.25 with above-average volume. This move has also pushed BWEN back above its 50-day moving average of $2.45, and it's moving it within range of triggering a near-term breakout trade. That trade will hit once BWEN manages to clear some near-term overhead resistance at $2.62 with high volume. Traders should now look for long-biased trades in BWEN as long as it's trending above $2.25, and then once it sustains a move or close above $2.62 with volume that's near or above 108,512 shares. If that breakout triggers soon, then BWEN as an excellent chance of re-testing or possibly taking out its next major overhead resistance levels at $3.14 to $4.
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