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Canadian Solar Bullish Moving Average Crossover Alert (CSIQ)

By Shiri Gupta

Today, shares of Canadian Solar (NASDAQ:CSIQ) have advanced above their 10-day MA of $17.99 on a volume of 642K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Canadian Solar have traded between a low of $14.16 and a high of $40.08 and are now at $18.46, which is 30% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Canadian Solar on March 10th, 2016 by issuing a Downtrend alert when the shares were trading at $19.65. Since that call, shares of Canadian Solar have fallen 10.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses canadian solar

Ticker(s): CSIQ