A historically bullish signal is flashing on Array stock’s charts
The shares of Array Technologies Inc (NASDAQ:ARRY) are seeing some reprieve after Friday’s slump, last seen up 6.2% at $11.51. Solar power stocks had a tough go of it late last week thanks to news that Democratic Senator Joe Machin — an important swing vote — said he will oppose the climate change spending plan proposed by Democrats.
Array Technologies stock folded to pressure at several overhead trendlines in recent months, including its 160-day moving average, which helped send the equity to a 27% year-to-date deficit. However, Friday’s pullback put ARRY back…