by Jeff Pierce, Zentrader
WATT IPO’d in late March and after an initial run up it’s essentially been basing for the last 8 weeks. Today it is starting to move higher and if it can clear this base (and close above it) it could be a short trip back to recent highs. Keep this stock on your radar however be aware that it is a lower traded volume stock.
If it can keep the momentum going with the RSI and make it above 70 then the chances that this move is for real increases in my opinion.
Per Yahoo – “Energous Corporation, a development stage technology company, is engaged in developing wireless charging solutions. Its solutions could enable wireless charging or powering of electronic devices at distance. “