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Canadian Solar Rising Today on Above-Average Volume (CSIQ)

By Nick Russo

The price of Canadian Solar shares has climbed to $17.75 (a 14.8% change) on heavy trading volume. Today's volume of 3.6 million shares tops the average 30-day volume of 1.8 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

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 21.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Canadian Solar has traded in a range of $14.16 to $40.08 and is now at $17.89, 26% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.7% while the 200-day MA has slid 0.9%.

Keywords: unusual volume canadian solar

Ticker(s): CSIQ