TradingKey – Bloom Energy (NYSE: BE) closed the week at around $257.02. As buyers defended the ascending trendline, the daily chart maintained triple-bottom support; RSI was at 53.00. Bloom dropped as Hunterbrook Media put out a short piece saying Bloom downplays dependence on scandium oxide suppliers from China. The short report prompted a 12% intraday sell-off for the stock, though Bloom dismissed the article as a piece of misinformation; it said so was “false and misleading.” Shares recouped five to six percent of their intraday lows at the next session’s open.
With Crossroads Capital also holding a short position in BE, investors will now look ahead to the company’s July 28 second-quarter earnings report. A confirmed breakout…






