Westinghouse Solar Inc (OTCMKTS:WEST)’s shares up by 7.94%, North American Palladium Ltd (NYSEMKT:PAL)

Posted by George Brook May 23, 2013 0 Comment 830 views


Westinghouse Solar Inc (OTCMKTS:WEST): In Wednesday’s trading session, Westinghouse Solar Inc (OTCMKTS:WEST) rose by 7.94% and closed at $0.0340. It opened at $0.03 per share, touched an intraday high of $0.04, before dropping down to close at $0.03 per share. Over 3.63 million shares were traded in Wednesday’s trading session. This number stood above the average volume of 1.69 million that was measured over a 30-day period.

The WEST stock’s relative-strength index that was calculated over a 14-days period currently stands at 55.74. This indicates that the stock is not trading in. Neither is it in an oversold zone nor in an overbought one. The company stock is now trading below the short and long moving average of 50-days and 200-days respectively. This is a sure-shot sign of pessimism. The stock stands 0.78% above its 50-days SMA and 56.74% under its 200-days SMA. It is currently trading above the short term 20-days SMA by around 18.44%.

Westinghouse Solar Inc (OTCMKTS:WEST) is a company that designs and manufactures solar panels and solar-power systems that have integrated micro inverters. These are sold by the company as alternate current solar panels.

North American Palladium Ltd (NYSEMKT:PAL): In Wednesday’s trading session, North American Palladium Ltd (NYSEMKT:PAL) up by 1.72%. It opened at $1.21 per share, touched an intraday high of $1.23, before dropping down to close at $1.17 per share. Over 1.07 million shares were traded in Wednesday’s trading session. This number stood below the average volume of 2.27 million that was measured over a 30-day period.

At a current valuation North American Palladium Ltd (NYSEMKT:PAL) has dropped 52.59% on a 52-high low of 2.47. However, the stock has been heading northward on the lowest support levels and has risen 21.98% on a 52-week low of 0.96. PAL is a prominent precious metals producer. It has been operating Lac des Iles mine (LDI), its flagship that is situated in Ontario, Canada. PAL also operates the Vezza gold mine that is situated in Quebec’s Abitibi region. The company expects next year’s EPS to rise 122.20% while the average analyst’s projection is 1.67 for the stock. The RSI of the stock currently stands at 45.15. This indicates that at the current valuation, PAL is has neither been oversold nor overbought.

 


About George Brook

George Brook covers money and politics for GDP Insider. George is a veteran journalist who has also covered Congress, national political conventions and presidential politics. George also covers the White House as well as economic and domestic policy for GDP insider. George's reporting has won numerous awards, including two Scripps Howard awards, two National Headliners, two Gerald Loeb Awards, as well as honors from Sigma Delta Chi and the National Press Club.

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