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Canadian Solar (CSIQ) Upgrade Alert, Watch for 7.5% Technical Uptrend Continuation - 11/3/2009 8:44:19 AM

By Chip Brian, SmarTrend Analytics Team
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Canadian Solar (NASDAQ:CSIQ) upgraded to Equal Weight from Underweight at Barclays. The stock closed yesterday at $14.48 on volume of 1,881,623 shares, above average daily volume of 0.

Canadian Solar is currently above its 200-day moving average of $10.91 and should find resistance at its 50-day moving average of $16.30.

SmarTrend is bullish on shares of CSIQ and our subscribers received an Uptrend alert on July 16, 2009 at $13.47, which has returned 7.5% to date.

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