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Technical Analysis
- 2/5/2010 9:10:44 AM
By Chip Brian, SmarTrend Analytics Team
Suntech Power (NYSE:STP) upgraded to Overweight, target raised to $17.20 from $15.30, at HSBC. The stock closed yesterday at $13.19 on volume of 2,800,218 shares, below average daily volume of 4,703,837.
Suntech Power Holdings is currently below its 50-day moving average of $15.98 and below its 200-day moving average of $15.92.
SmarTrend is bearish on shares of STP and our subscribers received a Downtrend alert on January 19, 2010 at $15.59, which has returned 15.4% to date.
Contact Chip Brian
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