Friday, December 30, 2011

Broadwind Energy, Inc. (BWEN) Video Chart for Friday, December 30, 2011

The BWEN chart has been making a solid recovery since its slide to 26 cents in October. The chart is in a consolidation pattern after touching 91.7 cents and holding a support level at 70 cents. This support needs to hold or the odds of it dropping to the 50 day simple moving average at 60 cents are increased as the chart tries to continue its bullish trend.

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