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Benzinga
Benzinga
Business
Melanie Schaffer

Plug Power Charges Ahead, But Can The Stock Break Through This Indicator?

Plug Power Inc (NASDAQ:PLUG) gapped up 6.5% to start the trading day on Tuesday, retraced down to almost completely fill the gap and then popped up over its opening price.

The move higher is the first indication Plug is reversing course into an uptrend, after trading in a downtrend between April 4 and Monday, where the stock found a bottom at the $24.72 mark.

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