TMCnet - World's Largest Communications and Technology Community



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 --------------------------------------------------------------------------------------------- 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:

[ Back To's Homepage ]

Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments:
Comments about this site:


© 2015 Technology Marketing Corporation. All rights reserved | Privacy Policy