Investors look to Lighten Up on Shares of STR Holdings, Shares Down 99.9% (STRI)
STR Holdings (NASDAQ:STRI) is one of today's worst performing low-priced stocks, down 99.9% to $1.94 on 1.4x average daily volume. STR Holdings has traded 555,000 shares thus far today, vs. average volume of 387,000 shares per day. The stock has outperformed the Dow (8.4% to the Dow's -0.7%) and outperformed the S&P 500 (8.4% to the S&P's -0.5%) during today's trading.
Over the past year, STR Holdings has traded in a range of $1.61 to $3.43 and is now at $1.94, 20% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.8% while the 200-day MA has slid 0.4%.
STR Holdings Inc. manufactures solar power modules encapsulants. Encapsulants are extruded sheets and film which hold the solar module together and protect the semiconductor circuit of a solar panel. The Company also offers inspection, testing and audit services to assure that consumer products meet safety, regulatory, quality, and performance and social standards.
STR Holdings has overhead space with shares priced $1.94, or 22.4% below the average consensus analyst price target of $2.50. The stock should run into initial resistance at its 50-day moving average (MA) of $2.11 and subsequent resistance at its 200-day MA of $2.31.
SmarTrend recommended that its subscribers protect gains by selling shares of STR Holdings on June 20th, 2013 by issuing a Downtrend alert when the shares were trading at $2.35. Since that call, shares of STR Holdings have fallen 23.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: penny stocks str holdings