Stocks Declining: China Shen Zhou Mining & Resources Inc. (NYSEMKT:SHZ), Real Goods Solar, Inc. (NASDAQ:RSOL)
Northern, WI 05/28/2013 (GDPInsider) – China Shen Zhou Mining & Resources Inc. (NYSEMKT:SHZ) has taken a tumble today, down 20.87% after starting trading at 0.11. 0.01 cent below its previous close of 0.12. The downtrend comes on the back of increase volume of 2.351 million, 569.61% more than average volume of 351.16K. The range for today is 0.0810 and 0.1184. SHZ’s technical chart shows a southward slope and the stock is down 93.45% on its 52-week high of 1.39 and a further 17.27% down on its 52-week low of 0.11.
SHZ is facing bleak times in the immediate future following news that the company received a delisting notice from the staff of NYSE Regulation. The notice was issued on behalf of the NYSE which has indicated that SHZ has failed to demonstrate its ability to regain compliance with Sections 1003aiv of the Exchange’s Company Guide.
SHZ is down 42.68% on its SMA20, 58.50% on its SMA50 and investors have shown their sentiments by plunging the stock to a RSI of 30.93.
Will SHZ rally after these performance levels? Get exclusive data and trends here.
Real Goods Solar, Inc. (NASDAQ:RSOL) is down 13.16% on trading volume of 9.696 million (Average volume1.233 million. The stock opened at 4.27, 0.26 cents above its previous close of 4.01 and has a range of 2.75 and 4.50. At present market valuation RSOL is down 51.20% on its 52-week high of 7.17 but up 774.75% on its 52-week low of 0.40.
RSOL recently announced a private placement of shares which was estimated to raise $9.25 million. The company added to the news developments by announcing its election as a 2013 Solarize Mass Installer by the Massachusetts Clean Energy Center (MassCEC) and the Green Communities Division of the MA Department of Energy Resources. The selection will see RSOL installing solar modules in the three Massachusetts communities of Northampton, Lee, and Williamstown.
Despite the downtrend in today’s market valuation, RSOL continues to trade strongly above both its SMA20 and SMA50, presently showing figures of 26.91% and 62.26% respectively. The stock also has a strong RSI of 55.48.
How Should Investors Trade RSOL Now? Get exclusive insights and updates here.
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