I have been writing about renewable energy firm Enphase Energy (ENPH) for a while now on Real Money. In a recent post on November 15 I recommended that "Traders who are long ENPH from earlier recommendations should continue to hold. Raise stops to $255 from $230."
On Friday a sell-side firm rated ENPH a new "outperform" (buy) with a $335 price target, so let's pay another visit to the charts and indicators.
In this updated daily bar chart of ENPH, below, I see that the shares have recently been testing the rising 50-day moving average line but remain well above the rising 200-day line which intersects down around $240.
The On-Balance-Volume (OBV) line has been steady since early September. The Moving Average Convergence Divergence (MACD) oscillator is just slightly above the zero line telling us to watch the price action closer.