TAN - Enjoy the Sunshine While it Lasts‏

I love the creative symbols that are sometimes used for ETF symbols, TAN being the symbol for the most actively traded Solar ETF in the US. Aftre breaking out past $21 in mid-May the group has been on a nice run, even pulling back and moving higher. This recent strong move up looks like good things are still to come, but how long will it last.....

...the weekly chart might hold some clues. The $32 level looks to be a significant resistance point, the solar group having taken a beating in 2011 and 2012. So, perhaps a few more significant dollars of profit are to be had but watch at the $32 level to see what happens, I would wager we will see the group having a tough time moving over that level.