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JA Solar Up on Heavy Volume in Possible Trend Reversal (JASO)

By David Diaz

JA Solar shares are trading on heavy volume today, having risen 3.3% to $6.81. Today's volume of 712,000 shares tops the average 30-day 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 September 12th, 2016 by issuing a Downtrend alert when the shares were trading at $6.86. 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, JA Solar share prices have been bracketed by a low of $5.66 and a high of $10.80 and are now at $6.85, 21% 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 risen 0.2%.

Keywords: unusual volume JA Solar

Ticker(s): JASO