We have not covered Enphase Energy (ENPH) for a long time, but Real Money's Bob Byrne has been tracking the stock closely. The company designs and produces software-driven home energy technology that spans solar generation, home energy storage and web-based monitoring and control.
The stock made a big upside breakout Wednesday so let's check out the charts.
In the daily bar chart of ENPH, below, we can see that the shares surged sharply higher Wednesday breaking above the highs from April, June and early July. Trading volume has been increasing since early June.
The On-Balance-Volume (OBV) line shows strength from early February. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.