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Stock to Watch: Suntech Power Holdings Up 11.3% (STP)Mar 18, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Suntech Power Holdings (NYSE:STP) is one of today's best performing penny stocks, up 11.3% to $0.78 on 1.1x average daily volume. Thus far today, Suntech Power Holdings has traded 4.5 million shares, vs. average volume of 4.2 million shares per day. The stock has outperformed the Dow (11.3% to the Dow's -0.3%) and outperformed the S&P 500 (11.3% to the S&P's -0.5%) during today's trading. Suntech Power Holdings Co., Ltd. designs, develops, manufactures and market a variety of photovoltaic (PV) cells and modules. There is potential upside of 60.4% for shares of Suntech Power Holdings based on a current price of $0.78 and an average consensus analyst price target of $1.25. The stock should run into initial resistance at its 200-day moving average (MA) of $1.26 and subsequent resistance at its 50-day MA of $1.49. Suntech Power Holdings share prices have moved between a 52-week high of $3.68 and a 52-week low of $0.41 and are now trading 90% above that low price at $0.78 per share. The 200-day and 50-day moving averages have moved 2.05% lower and 3.47% lower over the past week, respectively. SmarTrend recommended that its subscribers protect gains by selling shares of Suntech Power Holdings on February 21st, 2013 by issuing a Downtrend alert when the shares were trading at $1.43. Since that call, shares of Suntech Power Holdings have fallen 51.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |