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:
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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