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JinkoSolar Bullish Moving Average Crossover Alert (JKS)

By Amy Schwartz

Today, shares of JinkoSolar (NYSE:JKS) have crossed bullishly above their 10-day moving average of $15.63 on a volume of 132K 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, JinkoSolar share prices have been bracketed by a low of $14.32 and a high of $32.28 and are now at $16.12, 13% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.4%.

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 17.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses jinkosolar

Ticker(s): JKS