As discussed in yesterday’s Short Trade Ideas video update, ENPH (Enphase Energy Inc) crossed above the maximum suggested stop of any move above 5.05 for a loss of 8.1% or a beta-adjusted loss of 6% (as the suggested beta-adjusted position size was 0.75, or ¾ths of a typical position size).

The stop-run appears to possibly be the final thrust up on ENPH with an extension of the negative divergences that were already in place. As such, for those that gave ENPH as little more room on their stops, the trade might still pan out in the coming weeks/months although, at this point, a stop above Tuesday’s highs would be prudent. Enphase will now be moved from the Active Trades category to the Completed Trades archives.