Friday, November 28, 2008

Solar Stocks finish the week higher

Many solar stocks finished this week up, more than 50% from their lows, following the same recovery rally across the markets.

Expect some resistance next week as markets will probably face another short term downward swing. Friday closed mostly neutral so watch out, since the long term trend is still down.

Claymore/MAC Global Solar Index (ETF) (Public, NYSE:TAN) latest chart:

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1 comment(s):

Though stocks ended substantially higher, they wavered up and down all day, paring almost all their gains at one point at midday.

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By Anonymous Anonymous, at 1:41 AM  

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