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Hawk’s Nest

Small Cap Tracker Solutions Tech Name Sees Call Buyer

by | Feb 15, 2023

Array Tech (ARRY) buyer 1000 March $22.50 calls for $1.70 today as the stock cleared this weeks range and regained its monthly value area as it forms a nice bull flag near recent highs at 22 and now looks poised for a move to 25 or higher as MACD crosses bullish ahead of earnings due on 3/1. ARRY is a $3.1B leading global technology company providing tracker solutions and services for utility-scale solar energy projects as one of the world’s largest manufacturers of ground-mounted systems. The stock also has a high short float of 14% so can see explosive moves when it breaks out of a range. A move to 29-30 is not out of the question going forward into mid year for the strongly trending name.