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Stock to Watch: Suntech Power Holdings Up 6.8% (STP)Dec 26, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Suntech Power Holdings (NYSE:STP) is one of today's best performing low-priced stocks, up 6.8% to $1.26 on 1.1x average daily volume. Thus far today, Suntech Power Holdings has traded 2.7 million shares, vs. average volume of 2.4 million shares per day. The stock has outperformed the Dow (6.8% to the Dow's -0.3%) and outperformed the S&P 500 (6.8% to the S&P's -0.5%) during today's trading. Suntech Power Holdings share prices have moved between a 52-week high of $4.40 and a 52-week low of $0.71 and are now trading 77% above that low price at $1.26 per share. Over the past week, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has advanced 1.8%. Suntech Power Holdings (NYSE:STP) defies analysts with a current price ($1.26) 36.2% above its average consensus price target of $0.80. Suntech Power Holdings shares should encounter resistance at the 200-day moving average (MA) of $1.59 and support at the 50-day MA of $0.90. 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 13.5%. 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 [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 |