Obama's Energy Strategy Stock - UQM Technologies Inc

President Obama's new energy policy aims to cut oil import by one-third over the next decade.  To achieve the goal, President Obama suggested more investment in electric cars, natural gas run trucks, and biofuels refineries.  One of the company that could benefit is UQM Technologies (UQM) which develop energy efficient electric motors for electric cars.  The company's technology is behind the recently introduced electric powered Rolls-Royce car. 


Shares of the electric motor maker have not been doing well for the past 52 weeks, losing 25% so far.  However the technical chart points to potential upside as both 100 day and 50 day moving average are both pointing up.