Hanwha Solarone Co Ltd (NASDAQ:HSOL) up by 11.46%, Suntech Power Holdings Co. Ltd. (ADR) (NYSE:STP)

Posted by Lacee Page May 21, 2013 0 Comment 2239 views


Miami, FL 05/21/2013 (GDPInsider) – Hanwha Solarone Co Ltd (NASDAQ:HSOL) is up by 11.46% from its previous close of $1.57 to currently trade at $1.75. The stock hit a high of $1.97 and a low of $1.62 during the day. The 52-week range of the stock is $0.77 and $1.97. The stock is above its 20 days simple moving average by about 63.78%, it is 73.61% above its 50 days simple moving average and about 63.39% above its 200 days moving average. We get a sense of optimism from these indicators, but we need to be cautious since the relative strength index has moved to 85.13 reflecting that it is trading in an oversold zone and might face a resistance at some levels. The stock has gained a significant amount in the past five trading session which is about 36.52% growth, it has also gained about 63.54% in the past month when it faced a volatility of 9.39%.

The vice-chancellor and economy minister of Germany stated that that the anti-dumping duties on the solar panels from China would be a “grave mistake”.

Is HSOL a solid investment at these levels? Get valuable updates and exclusive insights here.

Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) is up by 16.90% from its previous close of $0.84 to currently trade at $0.980. The stock hit a high of $1.05 and a low of $0.90 during the day. The 52-week range of the stock is $0.30 and $2.14. The stock is above its 20 days simple moving average by about 51.08%, it is 57.14% above its 50 days simple moving average and about 2.27% below its 200 days moving average. We get a sense of optimism from these indicators, but we need to be cautious since the relative strength index has moved to 70.99 reflecting that it is trading in an oversold zone and might face a resistance at some levels. The stock has gained a significant amount in the past five trading session which is about 33.33% growth, it has also gained about 29.23% in the past month when it faced a volatility of 11.29%.

The company will supply panels to the first solar energy field which is under construction at Sde Boker. Sources have a belief that the deal is worth $20 million though it has not been officially announced. The company will also supply panels to another field under construction at Kibbutz Hatzerim.

How Should Investors Trade STP Now? Get the latest trends and data here.

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About Lacee Page

Lacee Page is our White House and political campaign reporter. Lacee also covers justice and national law enforcement issues and congressional reporter focusing on the outputs of the legislative process: government spending, agency regulation and congressional oversight. Lacee received a national Edward R. Murrow for spot news award and the regional Associated Press award for best newscast. Lacee attended Riverview High School near Coshocton, and graduated from Ashland College in Ashland, Ohio with a Bachelor of Arts degree in Communications.

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