Power-One

PWER

Company."Power-One is one of the top power-conversion equipment manufacturers in the world and is ranked in the S&P 500. Customers include Internet and telecommunications service providers and equipment manufacturers." (company website)

Buy. Earlier in the month I sold a lot of PWER when it looked like the trend might falter. It did, in fact, pull back, but not as much as I feared it might. Last Thursday PWER had a nice up-day, most of which was preserved on Friday.

I put in an order to buy at market if PWER traded above Friday's close. It did, at least for a while. This may have been premature. PWER is still oversold (StochRSI) and there may be some anxious days ahead for me.

Sell. Anxious days, indeed. Power-One recovered very briefly from being over-sold, but went right back there. It has continued to fall pretty steadily, and cash flow (CMF) has turned somewhat negative. While PWER is still above both moving averages — barely — it doesn't look likely to turn around before the year is out. I decided to "power-down" on this stock.