Alternate energy play Quantum Fuel Systems Technology (QTWW) looks ripe for a major move off the lows of the chart. This is a sympathy play to Energy Conversion Devices which has run from $0.20 to $0.78 in the last week. This 300% run has been epic and should spill over to other alternate energy plays at their lows. Regardless of ENER, this stock looks like a great alternate energy play. Last quarterly report was very bullish for the stock.
Chief Market Strategist Gareth Soloway picked up some at $0.78. It looks extremely cheap under $0.80. The first upside target is $1.08 with the second target being $1.35.