SmarTrend identified a Downtrend for Suntech Power Holdings (NYSE:STP) on January 19, 2010 at $15.59. In approximately 2 weeks, Suntech Power Holdings has returned 14% as of today's recent price of $13.41.

Suntech Power Holdings is currently below its 50-day moving average of $16.12 and below its 200-day moving average of $15.92. 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 Suntech Power Holdings.

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