Bullish Moving Average Cross by JinkoSolar (JKS)
JinkoSolar (NYSE:JKS) shares have crossed bullishly above their 10-day moving average of $15.27 on a volume of 163K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of JinkoSolar have traded between a low of $14.32 and a high of $32.28 and are now at $15.39, which is 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.5%.
SmarTrend recommended that its subscribers protect gains by selling shares of JinkoSolar on August 31st, 2016 by issuing a Downtrend alert when the shares were trading at $18.55. Since that call, shares of JinkoSolar have fallen 19.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses jinkosolar