$SPWR Alert: Big Bounce Coming

SunPower Corporation (NASDAQ:SPWR) has been beaten worse than most other solar stocks. Compared to its peers First Solar, Inc. (NASDAQ:FSLR) & SolarCity Corp (NASDAQ:SCTY) it is down much further.

While it may seem all doom and gloom for this solar name, there is a bullish signal that just appeared today. The daily chart is showing a bottoming tail. This is a bullish reversal candle that likely means a bottom is in the stock. Note the chart below.

Check out this trading action, did you miss it? (click here to read about it now)

Gareth Soloway

InTheMoneyStocks