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Yingli Green Energy Up 12.4%, Shares Break Through Resistance (YGE)
[April 23, 2013]

Yingli Green Energy Up 12.4%, Shares Break Through Resistance (YGE)

Apr 23, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Yingli Green Energy (NYSE:YGE) is one of today's best performing low-priced stocks, up 12.4% to $2.26 on 1.3x average daily volume. Yingli Green Energy has traded 2.8 million shares thus far today, vs. average volume of 2.2 million shares per day. The stock has outperformed the Dow (12.4% to the Dow's 0.8%) and outperformed the S&P 500 (12.4% to the S&P's 0.9%) during today's trading.

Yingli Green Energy (NYSE:YGE) is currently priced 0.4% above its average consensus analyst price target of $2.25. Yingli Green Energy shares should encounter resistance at the 50-day moving average (MA) of $2.41 and support at its 200-day MA of $2.16.

In the past 52 weeks, shares of Yingli Green Energy have traded between a low of $1.25 and a high of $4.12 and are now at $2.26, which is 81% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 2.9%.


Yingli Green Energy Holding Company Limited designs, manufactures and sells PV modules. The Company also designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or those that operate on a stand-alone basis.

SmarTrend is monitoring the recent change of momentum in Yingli Green Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Yingli Green Energy in search of a potential trend change.

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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