Tuesday, July 22, 2014

Advanced Energy Industries, Inc. (NASDAQ: AEIS)

Advanced Energy Industries, Inc., together with its subsidiaries, designs, manufactures, sells, and supports power conversion products that transform power into various usable forms. It offers thin-film deposition power conversion systems, including direct current (DC), pulsed DC mid frequency, and radio frequency (RF) power supplies, as well as matching networks, remote plasma sources for reactive gas applications, and RF instrumentation; and thermal instrumentation products that provide temperature measurement solutions for applications in which time-temperature cycles affect material properties, productivity, and yield. The company also provides solar power inverters, which provide a transformer-based or transformerless grid-tie photovoltaic (PV) solution to convert renewable solar power into electrical power, as well as integrated monitoring and performance measurement of PV installations.
To review Advanced Energy’s stock, please take a look at the 1-year chart of AEIS (Advanced Energy Industries, Inc.) below with my added notations:
1-year chart of AEIS (Advanced Energy Industries, Inc.)
During the last few months, AEIS has been consolidating after its severe drop-off. While consolidating, the stock has formed a clear resistance level at $20, and over the entire year the stock has created a $17, 52-week low support. For now, it appears that AEIS is on its way back down to $17.

The Tale of the Tape: AEIS seems to be on its way down to $17 after hitting $20 as resistance again. Long trades could be made at $17, or on a break above $20. Short trades could be entered on AEIS if the stock were to break below $17 or rally back up to $20.
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