Hydrogen fuel cell company Plug Power (PLUG) is long from $10.25. It is trading at $33.30 as of this writing in the after hours.
We have previously written twice that PLUG stock can go much higher and targets are likely to be raised.
Keep in mind that this is now a momo trade. The momo crowd can push it higher than you can imagine. There is no valuation support. The next target zone is $38 to $42. The new second target zone is $54 to $63.
What To Do Now
Those holding the stock, are aggressive and have taken partial profits may consider continuing to hold.
The buy zone for this stock has been raised a few times. For those not in the stock, a signal is likely to be published in the future to start a new Trade Around position. Trade Around positions are separate and distinct from the core position. Please see Trade Management Guidelines to learn about Trade Around positions. Please stay tuned to the Real-Time Feed.
This post was recently published on ZYX Buy Change Alert.
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