PLUG - Plug Power, Inc

PLUG - Plug Power, Inc. has moved into a second day of upward momentum moving into the close with a 10% gain today. The stock opened this morning at .56, up .two cents from yesterday's close of .54. PLUG appears to be attempting to break the downward trend it has been experiencing since late March. Traders watching the stock correctly anticipated a bounce in the .50 area as they realized .50 was an old area of strong resistance which PLUG broke through back in January, earlier this year which quickly turned into a spike to above $1 before slowly sliding back to the .50 area over the last three months. PLUG is an excellent candidate for a change of trend play and should be added to your hot penny stocks list of potential trade set-ups.

4/26/2011