MomentumTradingHQ.com Featured Stock for the Week of 6/3/24 - 6/7/24: SunPower Corporation (SPWR) Day Trade Return of 7.6%

Several solar stocks including SunPower Corporation (SPWR) rallied significantly last week, potentially driven by reports of lawmakers advocating for an investigation into Chinese solar firms.

Our proprietary real time alert services picked up SPWR's unusual stock and option volume early Thursday morning. Depending on your favorite momentum indicator several opportunities presented themselves to get in to capture a portion of the daily return.

As shown in the chart below, a day trade entered at 8:50 am Thursday and closed at the end of the day would have gained 7.6%. The chart shows the indicators that were triggered as well as the time.

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