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Trina Solar Up on Heavy Volume in Possible Trend Reversal (TSL)

By David Diaz

Shares of Trina Solar are trading up 1.0% to $7.73 today on above average volume. Approximately 1.5 million shares have changed hands today vs. average 30-day volume of 991,000 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 Trina Solar on May 3rd, 2016 by issuing a Downtrend alert when the shares were trading at $9.23. Since that call, shares of Trina Solar have fallen 17.1%. 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 Trina Solar have traded between a low of $7.10 and a high of $13.25 and are now at $7.72, which is 9% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.7%.

Keywords: unusual volume Trina Solar

Ticker(s): TSL