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Canadian Solar Down 10.0%, Shares Slide into the Red (CSIQ)
[February 21, 2013]

Canadian Solar Down 10.0%, Shares Slide into the Red (CSIQ)

Feb 21, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Canadian Solar (NASDAQ:CSIQ) is one of today's worst performing low-priced stocks, down 10.0% to $4.43 on 1.1x average daily volume. Canadian Solar has traded 844,000 shares thus far today, vs. average volume of 772,000 shares per day. The stock has underperformed the Dow (-10.0% to the Dow's -0.5%) and underperformed the S&P 500 (-10.0% to the S&P's -0.8%) during today's trading.

Canadian Solar Inc. designs, manufactures, and sells solar module products that convert sunlight into electricity for a variety of uses. The Company's products include a range of standard solar modules for use in a wide range of residential, commercial, and industrial solar power generation systems.

Canadian Solar (NASDAQ:CSIQ) has potential upside of 20.2% based on a current price of $4.43 and analysts' consensus price target of $5.32. The stock should find initial support at its 50-day moving average (MA) of $4.05 and further support at its 200-day MA of $3.25.


In the past 52 weeks, Canadian Solar share prices have been bracketed by a low of $1.95 and a high of $5.15 and are now at $4.43, 127% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 2.4%.

SmarTrend recommended that subscribers consider buying shares of Canadian Solar on November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.65. Since that recommendation, shares of Canadian Solar have risen 85.7%. We continue to monitor CSIQ 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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