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Stock to Watch: Suntech Power Holdings Up 6.8% (STP)
[December 26, 2012]

Stock to Watch: Suntech Power Holdings Up 6.8% (STP)

Dec 26, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Suntech Power Holdings (NYSE:STP) is one of today's best performing low-priced stocks, up 6.8% to $1.26 on 1.1x average daily volume. Thus far today, Suntech Power Holdings has traded 2.7 million shares, vs. average volume of 2.4 million shares per day. The stock has outperformed the Dow (6.8% to the Dow's -0.3%) and outperformed the S&P 500 (6.8% to the S&P's -0.5%) during today's trading.

Suntech Power Holdings share prices have moved between a 52-week high of $4.40 and a 52-week low of $0.71 and are now trading 77% above that low price at $1.26 per share. Over the past week, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has advanced 1.8%.

Suntech Power Holdings (NYSE:STP) defies analysts with a current price ($1.26) 36.2% above its average consensus price target of $0.80. Suntech Power Holdings shares should encounter resistance at the 200-day moving average (MA) of $1.59 and support at the 50-day MA of $0.90.

Suntech Power Holdings Co., Ltd. designs, develops, manufactures and market a variety of photovoltaic (PV) cells and modules.

SmarTrend recommended that subscribers consider buying shares of Suntech Power Holdings on September 20th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.04. Since that recommendation, shares of Suntech Power Holdings have risen 13.5%. We continue to monitor STP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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