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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 --------------------------------------------------------------------------------------------- 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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