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Solarfun Power Holdings: The Trend Continues Lower (SOLF)

Written on Sat, 03/13/2010 - 12:44pm
By Chip Brian

SmarTrend identified a Downtrend for Solarfun Power Holdings (NASDAQ:SOLF) on January 19, 2010 at $8.49. In approximately 2 months, Solarfun Power Holdings has returned 19.2% as of today's recent price of $6.86.
Solarfun Power Holdings is currently below its 50-day moving average of $7.80 and should find support at its 200-day moving average of $6.69. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Solarfun Power Holdings.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): SOLF

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