Key resistance here...when it breaks..we go to high 30's.
One of the biggest mistakes is thinking that a stock will repeat the same pattern. Sold off last earnings. But the future and present are brighter and brighter. Chances are it surges over 40 after this earnings announcement.
Earnings is a gamble, pure and simple. What makes you so confident history will not repeat itself? What if SPWR runs up to 36 before earnings, will you still have the same belief? Strong enough belief not to lock in some profits are put on a partial hedge?
Because the solar argument is over. Just since last earning grid parity has been reached in more markets. Everyone (almost) is well aware of the huge potential for solar in the next 5 years and beyond. SPWR Is about to expand production.