Alternate Energy Holdings Inc. (PINK:AEHI) has a record of a bouncing stock price and another turning point might be at hand.The stock has provided ups and downs in the past, and although the price refuses to go down, it still lacks the positive push for sustained appreciation. Theoretically, the firm has a nuclear project at hand and will be getting government approval by the end of the year. Practically, it’s still a few months until investors can be sure the project is really going.[BANNER]
A lot of positive info on the nuclear plants is coming out during the wait. This includes AEHI press releases, where CEO talks about the positive aspects of nuclear power plants. An independent media has also noticed the company, as it is negotiating with China National Nuclear Corporation the creation of Hyperion Power Module they have under development with Hyperion Power Generation, Inc.
Provided the stock is yet to see the better times, it has established a rather clear range on the market and can be swing traded with considerable ease. Right now the trading range is roughly $0.60-$0.75, with possible upper limit extension to $1.
The trading range can be affected by news, however the recent “updates” didn’t disclose anything significant.
