February 02, 2012 at 17:50 PM EST
Hot Solar Stocks To Watch
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JinkoSolar Holding Co., Ltd. (NYSE:JKS) had a strong bounce off its ascending 50 day moving average today, as did most of the stocks in its sector. JKS looks like it wants to make a move. If the stock can break today's high, we should see a strong upside move. You want to watch JKS closely on Friday.
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First Solar, Inc. (NASDAQ:FSLR) After bottoming out in the December 2011 trough at around 30, the stock has been on a short-term uptrend. As long as it trades above its significant support level at 39.70 (50-dma), its short-term trend remains up.
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ReneSola Ltd. (NYSE:SOL) - Over the last month, the stock has been consolidating and it looks ready to take the next leg up. Looking at the technical chart we can see that the volume has been drying up on the sell side. In the short-term, the stock can rally and encounter resistance at 2.65. Medium-term trend will turn positive on a strong daily close above this level. This can lift the stock higher to 3.02, 3.33 and then to 3.77.
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Trina Solar Limited (NYSE:TSL) looking like forming support on its 50-day MA on sustained volume. I would be comfortable getting long here.
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LDK Solar Co., Ltd (NYSE:LDK) has recovered nicely and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $5.69. There could be good upside in this trade, so watch LDK closely on Friday.
Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
Thanks for visiting AC Investor Blog.
AC
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