Monday, January 13, 2020

Speaking Of Stocks Going Vertical: Dramatic Reversal In Plug Power (PLUG)

After closing Friday at $4.14 the stock gapped up on the open to $4.22 and continued higher 'til lunchtime, up 6.76% at $4.42:

PLUG Plug Power Inc. daily Stock Chart

And then headed south to close the day down .97%. Big swing.
Previously:
Jan. 6
Hydrogen: Bezos Backed Plug Power Jumps 18% On $172 Million Contract (PLUG)
Dec. 9
There's A Reason Bezos Went With Hydrogen Fuel Cell Forklifts Rather than Batteries (AMZN)

A lot of hedge fund money has flowed in since that December post at $3.00 or even the January post at $3.82 and sometimes stocks simply get tired, usually when it seems they just might reach escape velocity: