Western Wind Energy is starting to bounce back with strength

We are seeing price movement up and buying interest on the bid side that is supported by volume for WND.V. On April 27th, 2012, WND.V bounced to a high of $1.59 from a low of $1.42 the day before that was supported with volume of 561,813 shares. Then it followed with volume of 290,990 shares and 206,700 shares staying above $1.50.

Another support to this movement is the increase in oil price. Today, oil closed down to $105 from $106. If oil price continues to move higher, we can expect the energy sector follow along.

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