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TMCNet:  Traders Get Bullish on Shares of Yingli Green Energy, Shares Up 5.9% (YGE)

[February 04, 2013]

Traders Get Bullish on Shares of Yingli Green Energy, Shares Up 5.9% (YGE)

Feb 04, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Yingli Green Energy (NYSE:YGE) is one of today's best performing low-priced stocks, up 5.9% to $3.23 on 1.1x average daily volume. Yingli Green Energy has traded 2.6 million shares thus far today, vs. average volume of 2.3 million shares per day. The stock has outperformed the Dow (5.9% to the Dow's -0.8%) and outperformed the S&P 500 (5.9% to the S&P's -0.7%) during today's trading.
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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.

Yingli Green Energy share prices have moved between a 52-week high of $6.27 and a 52-week low of $1.25 and are now trading 158% above that low price at $3.23 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 6.4% while the 200-day MA has slid 0.6%.

Yingli Green Energy (NYSE:YGE) is currently priced 44.9% above its average consensus analyst price target of $1.78. The stock should find initial support at its 50-day moving average (MA) of $2.34 and further support at its 200-day MA of $2.32.

SmarTrend recommended that subscribers consider buying shares of Yingli Green Energy on November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.70. Since that recommendation, shares of Yingli Green Energy have risen 79.9%. We continue to monitor YGE 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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