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Gold/Mining/Energy : Broadwind Energy (BWEN) -- Future Wind Power Behemoth
BWEN 2.250-2.6%Oct 30 3:55 PM EDT

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From: Feraldo6/23/2008 8:31:29 AM
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From a technical perspective, this is day three of the breakout from the pattern. Today should feature an up day on increased volume or the pattern is failing from my perspective. If volume fails to increase on an up day today, then this is just another head and shoulders top and the shoulder should make it to about $26.50-$27 and then the stock should fail. Any thoughts?

In this market, the pattern could go either way. In premarket trading the alt energy sector is up about 1% as of 8:30. Many alt energy stocks have made what could be legitimate bottoms or, like BWEN, could just be creating shoulders. This week either makes another alt energy run or breaks it.
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