The news may be "bad" for SPWR, but the market reacted in a bullish way...
Reasons for bounce:
1) oversold conditions
2) capitulation like volume
3) bounce from solid support trendline
4) nice round number to bounce from ($60)
And if you are interested in SPWR's brother CY, they hit $19 today and bounced..Didn't Jeff Macke, the retail guy from "Fast Money", recommend buying CY at $30? 33% Discount just a few weeks later....
tb
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