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Upgrade Alert for STR Holdings (STRI)

By Amy Schwartz

STR Holdings (NASDAQ:STRI) was upgraded from Hold to Buy at Craig-Hallum today. The stock closed yesterday at $1.45 on volume of 601,000 shares, above average daily volume of 106,000.

STR Holdings has overhead space with shares priced $1.48, or 26.0% below the average consensus analyst price target of $2.00. STR Holdings shares have support at the 200-day moving average (MA) of $1.46 and additional support at the 50-day MA of $1.36.

In the past 52 weeks, shares of STR Holdings have traded between a low of $0.80 and a high of $2.69 and closed yesterday at $1.48, which is 85% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.7%.

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.

SmarTrend is tracking the current trend status for STR Holdings and will alert subscribers who have STRI in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades str holdings

Ticker(s): STRI