Smart Grid

TMCNet:  Stock to Watch: Yingli Green Energy Down 9.6% (YGE)

[February 21, 2013]

Stock to Watch: Yingli Green Energy Down 9.6% (YGE)

Feb 21, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Yingli Green Energy (NYSE:YGE) is one of today's worst performing low-priced stocks, down 9.6% to $2.88 on 1.0x average daily volume. Thus far today, Yingli Green Energy has traded 2.7 million shares, vs. average volume of 2.6 million shares per day. The stock has underperformed the Dow (-9.6% to the Dow's -0.5%) and underperformed the S&P 500 (-9.6% to the S&P's -0.8%) 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 (NYSE:YGE) is currently priced 32.6% above its average consensus analyst price target of $1.94. The stock should discover initial support at its 50-day moving average (MA) of $2.74 and subsequent support at its 200-day MA of $2.30.

Over the past year, Yingli Green Energy has traded in a range of $1.25 to $4.95 and is now at $2.88, 130% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 2.3%.

SmarTrend is tracking the current trend status for Yingli Green Energy and will alert subscribers who have YGE in their portfolio or watchlist when shares have changed trend direction.

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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