SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of Suntech Power Holdings (STP)
Monday, March 8, 2010 - 13:33
Written on Mon, 03/08/2010 - 1:33pm
By Chip Brian

SmarTrend identified a Downtrend for Suntech Power Holdings (NYSE:STP) on January 19, 2010 at $15.59. In approximately 2 months, Suntech Power Holdings has returned 5.6% as of today's recent price of $14.72.
Suntech Power Holdings is currently below its 50-day moving average of $14.89 and below its 200-day moving average of $15.76. 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.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): STP

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