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Technical Analysis
- 11/20/2009 8:53:22 AM
By Chip Brian, SmarTrend Analytics Team
Suntech Power (NYSE:STP) upgraded to Hold, $13.50 target, at Soleil. The stock closed yesterday at $15.99 on volume of 16,386,600 shares, above average daily volume of 5,906,362.
Suntech Power Holdings is currently above its 50-day moving average of $14.72 and above its 200-day moving average of $14.22.
SmarTrend is bullish on shares of STP and our subscribers received an Uptrend alert on November 16, 2009 at $14.96, which has returned 6.9% to date.
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