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Technical Analysis
- 2/5/2010 9:12:59 AM
By Chip Brian, SmarTrend Analytics Team
LDK Solar (NYSE:LDK) upgraded to Neutral at Underweight, target raised to $6.90 from $6.30, at HSBC. The stock closed yesterday at $6.01 on volume of 3,168,952 shares, below average daily volume of 4,259,632.
LDK Solar is currently below its 50-day moving average of $7.66 and below its 200-day moving average of $8.77.
SmarTrend is bearish on shares of LDK and our subscribers received a Downtrend alert on December 18, 2009 at $6.88, which has returned 12.6% to date.
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