Long $SEDGNASDAQ:SEDG
Long $SEDG.
Fundamentals are solid --
"Three-year sales growth rate: +44.33%
Three-year earnings growth rate: +37.01%" - SOURCE( www.investopedia.com )
Risks to thesis:
1.) Overall market $SPY trends down due to Corona and/or economic downturn concerns.
2.) Further uncertainty in the oil markets which keeps pushing down the price of oil. In the short term, these lower oil prices make oil appear to be a more attractive investment than alternative energy sources.
Most likely will trend down back to the support level at ~ $70.
Entry is at $70 or if it breaks this consolidation on nice volume.
Stop is at $64.49
Target is 52 week high at ~ $143.
P/L = 7:1