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JA Solar Falling Today on Above-Average Volume (JASO)

By Amy Schwartz

JA Solar shares are trading on heavy volume today, having fallen 5.5% to $7.38. About 842,000 shares have been traded today, as compared to the 30-day average volume of 463,000 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 JA Solar on May 9th, 2016 by issuing a Downtrend alert when the shares were trading at $8.13. Since that call, shares of JA Solar have fallen 3.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of JA Solar have traded between a low of $6.30 and a high of $10.80 and are now at $7.20, which is 14% above that low price. The 200-day and 50-day moving averages have moved 0.18% higher and 0.41% lower over the past week, respectively.

Keywords: unusual volume JA Solar

Ticker(s): JASO