{"id":12978,"date":"2022-08-01T11:38:28","date_gmt":"2022-08-01T15:38:28","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=12978"},"modified":"2022-08-01T12:09:43","modified_gmt":"2022-08-01T16:09:43","slug":"solar-stocks-breakout","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/solar-stocks-breakout\/","title":{"rendered":"Solar Stocks Catching Fire: Don&#8217;t Miss the Hot Action!"},"content":{"rendered":"\n<figure class=\"wp-block-image is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/top-solar-stocks.jpg\" alt=\"$TAN  weekly\" width=\"716\" height=\"478\" title=\"\"><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">TABLE OF CONTENTS<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/morpheustrading.com\/blog\/solar-stocks-breakout\/#The_solar_sector_is_showing_top_relative_strength_with_explosive_high_volume_breakouts_Heres_a_quick_chart_walk-through_of_the_leading_Solar_ETF_and_a_top_solar_stock_to_buy_on_a_pullback_now\" >The solar sector is showing top relative strength with explosive, high volume breakouts. Here&#8217;s a quick chart walk-through of the leading Solar ETF, and a top solar stock to buy on a pullback now!<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/morpheustrading.com\/blog\/solar-stocks-breakout\/#Solar_ETF_TAN_A_hot_proxy_for_the_solar_energy_sector\" >Solar ETF ($TAN): A hot proxy for the solar energy sector<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/morpheustrading.com\/blog\/solar-stocks-breakout\/#Enphase_Energy_ENPH_jumps_18_just_two_days_after_entry\" >Enphase Energy ($ENPH) jumps +18% just two days after entry<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/morpheustrading.com\/blog\/solar-stocks-breakout\/#Morpheus_Market_Minutes_Your_free_daily_market_analysis_and_top_swing_trade_ideas\" >Morpheus Market Minutes: Your free daily market analysis and top swing trade ideas<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_solar_sector_is_showing_top_relative_strength_with_explosive_high_volume_breakouts_Heres_a_quick_chart_walk-through_of_the_leading_Solar_ETF_and_a_top_solar_stock_to_buy_on_a_pullback_now\"><\/span>The solar sector is showing top relative strength with explosive, high volume breakouts. Here&#8217;s a quick chart walk-through of the leading Solar ETF, and a top solar stock to buy on a pullback now!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Since 2002, <a href=\"https:\/\/new.morpheustrading.com\/blog\/relative-strength\/\" target=\"_blank\" rel=\"noreferrer noopener\">relative strength trading<\/a> has been the key Morpheus secret to finding the top stocks in any market. <\/p>\n\n\n\n<p>Currently, the solar energy sector is showing high relative strength with powerful breakouts in leading solar stocks\u2013<em>and we want to help ensure you don&#8217;t miss out!<\/em><\/p>\n\n\n\n<p>Continue reading <em> <\/em>for a quick look at the red-hot solar energy sector and the best solar stock you can&#8217;t afford to miss!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Solar_ETF_TAN_A_hot_proxy_for_the_solar_energy_sector\"><\/span>Solar ETF ($TAN): A hot proxy for the solar energy sector<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Solar stocks scored an impressive round of trading last week, with several <a href=\"https:\/\/www.investopedia.com\/terms\/b\/breakawaygap.asp\" target=\"_blank\" rel=\"noreferrer noopener\">breakaway gap ups<\/a> on big volume in $ENPH, $SEDG, $FSLR, and $ARRY.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.invesco.com\/us\/financial-products\/etfs\/product-detail?audienceType=investor&amp;ticker=TAN\" target=\"_blank\" rel=\"noreferrer noopener\">Solar ETF ($TAN)<\/a> closed with a weekly gain of +18.8% on Friday\u2013<strong>its biggest one-week advance since 2015!<\/strong><\/p>\n\n\n\n<p>The strong price action in $TAN was confirmed by its highest volume week of the year (<em>double<\/em> its average weekly volume).<\/p>\n\n\n\n<p>Last week&#8217;s advance significantly improved the weekly chart pattern, which has now started a new uptrend with a higher high and higher low.<\/p>\n\n\n\n<p>The price of $TAN broke out above a weekly downtrend line, and also reclaimed of its 10, 30, and 40-week moving averages:<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220730TAN.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220730TAN.png\" alt=\"$TAN  weekly\" width=\"718\" height=\"551\" title=\"\"><\/a><figcaption><em>Press chart to enable zoom<\/em><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Enphase_Energy_ENPH_jumps_18_just_two_days_after_entry\"><\/span>Enphase Energy ($ENPH) jumps +18% just two days after entry<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>After noticing high relative strength in the solar sector, we began scanning individual charts for the best stock in the solar sector to buy.<\/p>\n\n\n\n<p>We then listed Enphase Energy ($ENPH) as a buy setup for subscribers of our <a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>nightly swing trading report<\/strong><\/a>.<\/p>\n\n\n\n<p>The exact commentary and chart below are from the July 27 issue of <a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\"><em>The Wagner Daily<\/em><\/a>.<\/p>\n\n\n\n<p><em>$ENPH closed 10% higher in after-hours trading in reaction to earnings.<\/em><\/p>\n\n\n\n<p><em>If the action holds up through pre-market trading, then it will likely open above resistance in the $225 &#8211; $226 area.&nbsp; <\/em><\/p>\n\n\n\n<p><em>Aggressive traders may look to buy over the 1-2 minute high on strength with reduced size if volume is strong<\/em>:<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220727ENPH.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220727ENPH.png\" alt=\"$ENPH daily\" width=\"711\" height=\"605\" title=\"\"><\/a><\/figure>\n\n\n\n<p>The $ENPH buy setup triggered for entry that day, after the price gapped sharply higher on the open.<\/p>\n\n\n\n<p>Since then, $ENPH has zoomed steadily higher.<\/p>\n\n\n\n<p>As of the July 29 close,  $ENPH is already showing a gain of +18% just two days after our entry in the <strong><em><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Wagner Daily<\/a><\/em> <\/strong>stock portfolio:<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220730ENPH2.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220730ENPH2.png\" alt=\"$ENPH daily\" width=\"736\" height=\"650\" title=\"\"><\/a><\/figure>\n\n\n\n<p>After an explosive week of gains, <strong>$ENPH has declared itself as a must-own stock<\/strong> with the potential to become a massive winner if market conditions continue improving.<\/p>\n\n\n\n<p>If you&#8217;re not already in $ENPH or other top solar stocks, then don&#8217;t chase!<\/p>\n\n\n\n<p>Rather, <strong>wait for lower-risk pullback entries<\/strong>, such as retracements to 10-day moving average support levels.<\/p>\n\n\n\n<p>As usual, we will trail our $ENPH stop higher to maximize profits and secure gains as the price moves higher.<\/p>\n\n\n\n<p><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Paid subscribers<\/a> will receive a Trade Alert to notify of any updated stop prices, as well as any additional trade entries in the solar sector.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Morpheus_Market_Minutes_Your_free_daily_market_analysis_and_top_swing_trade_ideas\"><\/span><em>Morpheus Market Minutes:<\/em> Your free daily market analysis and top swing trade ideas<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>We recently launched a<strong> FREE new service<\/strong> that provides you with a snippet of powerful, timely market analysis and top swing trade picks on our Watchlist.<\/p>\n\n\n\n<p>Just <a href=\"https:\/\/4966a6ff.sibforms.com\/serve\/MUIEADK82b8TMyFqTxWMxoOresxe5KKgeYdQbAXrw8CMCqKgCSZR1H4hKCFkWIjN69d7pTSIg9YVEWE97dfeWpP4cmxMb5J268rFVOaUPbCifmmR2nB2U_C4p08hYLxBwP9U5FMLWVKWAL8-xiBtNjX2O8x43ksv45N0RObCZDoTzEgEHmLPCK2e5oXi63MmsGU-sowrNJfP_wN-\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>PRESS HERE<\/strong><\/a> and drop your e-mail address on the form to start profiting from your free daily <em>Morpheus Market Minutes<\/em> updates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The solar sector is showing top relative strength with explosive, high volume breakouts.<\/p>\n<p>Here&#8217;s a quick chart walk-through of the leading Solar ETF, and a top solar stock to buy on a pullback now!<\/p>\n","protected":false},"author":2,"featured_media":13020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5],"tags":[],"class_list":["post-12978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-picks-analysis"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/12978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=12978"}],"version-history":[{"count":12,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/12978\/revisions"}],"predecessor-version":[{"id":13050,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/12978\/revisions\/13050"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media\/13020"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=12978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=12978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=12978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}