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Plug Power Fails to Show Positive Indicators Ahead of Earnings

·2 min read
Plug Power Fails to Show Positive Indicators Ahead of Earnings
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The daily On-Balance-Volume (OBV) line has weakened from late June and tells us that sellers of PLUG have been more aggressive. The weekly OBV line shows improvement the past four months, telling us that buyers of PLUG have been more aggressive. In this daily Point and Figure chart of PLUG, below, we can see an upside price target in the $33 area.