Daqo New Energy Corp. (Long Idea)
Daqo New Energy Corp. (DQ) is a Chinese solar stock showing signs of big institutional buying.
I’ve been pounding the desk telling people to keep an eye on solar for months now, and this is one of the top players in the space.
A strong move through the $72 area would make me consider taking a position in this stock.
Neurocrine Biosciences, Inc. (Long Idea)
Neurocrine Biosciences, Inc. (NBIX) emerged from a textbook breakout pattern last month, surging 13% in just three days.
However, market weakness seems to be holding back a larger move.
Shares have drifted sideways to form a handle for the last few weeks.
I’m watching for a move above $108 to consider taking a position in NBIX.
Array Technologies, Inc. (Long Idea)
Array Technologies, Inc. (ARRY) is also in the solar sector. But instead of making solar panels, this company manufactures ground-mounting systems used in large solar energy projects.
ARRY stock has been an absolute monster the last couple months.
Shares surged more than 150% in 30 days before taking a breath and consolidating in the low $20 range.
If the stock breaks through $23 on above average volume, it could see another big leg higher.