Shares of Plug Power, Inc (PLUG) fell sharply today after the company said it would restate financial results. Investors always sell these because of the fear of fraud. It puts a cloud over the company until the restatement is complete. While I doubt there is any fraud, investors will likely continue to sell it in the near-term. Based on Plug Power stock chart analysis, the buy level is $25.50. This is a combination technical level of the daily 200 moving average and a major gap fill. Once here, this stock becomes a strong buy for an upside move of over 25%.
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