Hydrogen fuel cell company Plug Power (PLUG) is long from $10.25. It is trading at $43.15 as of this writing in the premarket. This represents a gain of 320%.
The stock is jumping 23% on a $1.5 billion investment from SK Group, a Korean company.
Even though the company has bright prospects, investors need to be careful. If everything goes right, the company may achieve $12 billion in revenues in 2030. Note that is nine years from now. Based on this optimistic estimate, the new target zone is $55 to $65. However, a lot can go wrong and the stock can drop back to single digits.
This stock has become a favorite of the momo crowd. The momo crowd is capable of pushing PLUG north of $100. The target zone may be raised.
What To Do Now
Those holding the stock, are aggressive and have taken partial profits may consider continuing to hold or take additional profits into the strength based on personal preference.
Those not in the stock may wait for a signal on the Real Time Feed.
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 just published on ZYX Buy Change Alert.
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