LDK Solar Co. Ltd. (ADR) (NYSE:LDK) up by 9.84%, ReneSola Ltd. (ADR) (NYSE:SOL)

Posted by Chris Bell May 21, 2013 0 Comment 591 views


Miami, FL 05/21/2013 (GDPInsider) – LDK Solar Co. Ltd. (ADR) (NYSE:LDK) is up by 9.84% from its previous close of $1.83 to currently trade at $2.01. The stock hit a high of $2.17 and a low of $1.90 during the day. The 52-week range of the stock is $0.71 and $3.10. The stock is above its 20 days simple moving average by about 49.99%, it is 60.08% above its 50 days simple moving average and about 51.21% 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 77.88 reflecting that it is trading in an overbought 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 26.21% growth, it has also gained about 69.44% in the past month when it faced a volatility of 10.59%.

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

ReneSola Ltd. (ADR) (NYSE:SOL) is up by 11.74% from its previous close of $2.47 to currently trade at $2.76. The stock hit a high of $2.99 and a low of $2.47 during the day. The 52-week range of the stock is $1.08 and $2.99. The stock is above its 20 days simple moving average by about 48.43%, it is 62.49% above its 50 days simple moving average and about 65.73% 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 73.98 reflecting that it is trading in an overbought 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 10.27% growth, it has also gained about 69.18% in the past month when it faced a volatility of 8.63%.

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

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About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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