Shares of Sunrun Inc. (RUN) made a huge rally and a big correction in the past 12 months. Prices have begun to perk up in recent weeks, however, and thus the stock deserves a fresh look.
In the daily bar chart of RUN, below, we can see that the shares have broken the downtrend from early January. RUN is also trading above the declining 50-day moving average line but still below the cresting 200-day line.
The On-Balance-Volume (OBV) line is showing some improvement from the middle of May telling us that buyers are becoming more aggressive. The Moving Average Convergence Divergence (MACD) oscillator has inched back in recent weeks and is ready to move above the zero line for a new buy signal.