Amazon Propels Plug Power To Key Technical Level


Today's announcement that Amazon will be investing in Plug Power and become a customer has sent shares rocketing over 70% to a key technical level that has been in play for nearly 5 years: $2.40.

$2.40 has served as key resistance for shares of PLUG in the past. The last time PLUG broke through the key $2.40 level was on news that Wal-Mart would commit to PLUG's product....this Amazon deal seems to have similar implications.

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