"Solar energy is a winner," Jim Cramer told one caller during the Lightning Round of the Mad Money program Wednesday night who asked about Sunrun (RUN) . Let's check out the charts and indicators of RUN to see where we might become a buyer.
In this daily bar chart of RUN, below, we can see that prices are weak. Still, RUN is above the rising 50-day moving average line and above the rising 200-day moving average line.
Trading volume has been heavy or "active" since July and the On-Balance-Volume (OBV) line has risen into early October telling us that buyers of RUN have been more aggressive. The Moving Average Convergence Divergence (MACD) oscillator has narrowed recently but a take profits sell signal has not been generated yet.
In the weekly Japanese candlestick chart of RUN, below, we can see a possible doji pattern for this week. We still have one more day to go but we are already 80% of the way there. A doji would be a possible reversal pattern and would be our quickest turning tool. Prices are above the rising 40-week moving average line.
The weekly OBV line is rising and bullish. The MACD oscillator is bullish too.