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Suntech Power Holdings Up 9.2%, Shares Break Through Resistance (STP)
[January 02, 2013]

Suntech Power Holdings Up 9.2%, Shares Break Through Resistance (STP)

Jan 02, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Suntech Power Holdings (NYSE:STP) is one of today's best performing low-priced stocks, up 9.2% to $1.67 on 1.5x average daily volume. Thus far today, Suntech Power Holdings has traded 4.0 million shares, vs. average volume of 2.7 million shares per day. The stock has outperformed the Dow (9.2% to the Dow's 1.9%) and outperformed the S&P 500 (9.2% to the S&P's 1.8%) during today's trading.

In the past 52 weeks, Suntech Power Holdings share prices have been bracketed by a low of $0.71 and a high of $4.40 and are now at $1.67, 135% above that low price. The 200-day and 50-day moving averages have moved 1.9% lower and 5.16% higher over the past week, respectively.

Based on a current price of $1.67, Suntech Power Holdings is currently 51.8% above its average consensus analyst price target of $0.80. The stock should discover initial support at its 200-day moving average (MA) of $1.56 and subsequent support at its 50-day MA of $0.95.


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 47.1%. 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 cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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