U.S. Markets closed

Shares of Plug Power Are Showing New Life

·1 min read
Shares of Plug Power Are Showing New Life

The daily On-Balance-Volume (OBV) line shows some improvement from early May. The Moving Average Convergence Divergence (MACD) oscillator has moved above the zero line for a new outright buy signal. The weekly OBV line now shows some improvement the past two months and the MACD oscillator has narrowed towards a new buy signal. In this daily Point and Figure chart of PLUG, below, we can see a possible downside price target in the $26 area.