Westinghouse Solar Finding Bids

Shares of Westinghouse Solar WEST are moving higher this afternoon; currently, shares are up by 4.70%, trading at $1.56. Westinghouse Solar has been consolidating since the beginning of June, following a sharp pop higher. While WEST found strong resistance at the 200-day moving average (~$2.40), it also found support at the $1.50 level and has been bumping along ever since. With shares moving higher today, it looks like Westinghouse Solar could test the 50-day ($1.68) very quickly on its way to the 200-day. Volume will be key; look for at least one more day like today (2x normal volume) before adding to any longs. Note that Westinghouse Solar has 5.97% short interest. Westinghouse Solar, Inc., formerly Akeena Solar, Inc., incorporated on February 23, 2001, is a designer and manufacturer of solar power systems and solar panels with integrated microinverters.