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TMCNet:  Stock to Watch: Yingli Green Energy Down 7.5% (YGE)

[February 26, 2013]

Stock to Watch: Yingli Green Energy Down 7.5% (YGE)

Feb 26, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Yingli Green Energy (NYSE:YGE) is one of today's worst performing low-priced stocks, down 7.5% to $2.64 on 1.0x average daily volume. Yingli Green Energy has traded 2.4 million shares thus far today, vs. average volume of 2.4 million shares per day. The stock has underperformed the Dow (-7.5% to the Dow's 0.7%) and underperformed the S&P 500 (-7.5% to the S&P's 0.4%) during today's trading.
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In the past 52 weeks, shares of Yingli Green Energy have traded between a low of $1.25 and a high of $4.60 and are now at $2.63, which is 111% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 2.6%.

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) defies analysts with a current price ($2.63) 29.3% above its average consensus price target of $1.86. The stock should hit resistance at its 50-day moving average (MA) of $2.81, as well as support at its 200-day MA of $2.29.

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 68.1%. 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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