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  • Writer's pictureT. Livingston

PLUG & EXPI Showing Potential

Plug Power, $PLUG, looks to be showing potential for a move higher. I traded this one earlier this year and now it looks like its getting ready to move higher once again. There are a few things I like about this stock. First, it has held its 50-day moving average on its move higher. In addition, it has also shown support above the $10 range, which is the breakout level. Moreover, the weekly chart shows very constructive action. I took a position in this one today with a stop loss below the 50-day moving average.

$EXPI has also been an explosive stock this year. I traded it for a very small gain earlier this year and have been kicking myself for months for not holding it for a much larger gain. I've been watching this one for quite a while and waiting for another entry. I took a position in this one today with a stop loss below recent lows. Like $PLUG, this one has a very strong weekly chart that looks like it may be forming a flag pattern. Time will tell.

Full Disclosure: EXPI and PLUG are stocks I currently own.

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