Smart Grid

TMCNet:  Stock to Watch: Yingli Green Energy Down 10.6% (YGE)

[March 25, 2013]

Stock to Watch: Yingli Green Energy Down 10.6% (YGE)

Mar 25, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Yingli Green Energy (NYSE:YGE) is one of today's worst performing low-priced stocks, down 10.6% to $1.94 on 1.1x average daily volume. Yingli Green Energy has traded 2.4 million shares thus far today, vs. average volume of 2.3 million shares per day. The stock has underperformed the Dow (-10.6% to the Dow's -0.5%) and underperformed the S&P 500 (-10.6% to the S&P's -0.3%) 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.

Potential upside of 16.0% exists for Yingli Green Energy, based on a current level of $1.94 and analysts' average consensus price target of $2.25. The stock should find initial resistance at its 200-day moving average (MA) of $2.24 and further resistance at its 50-day MA of $2.81.

Over the past year, Yingli Green Energy has traded in a range of $1.25 to $4.14 and is now at $1.94, 55% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Yingli Green Energy on February 26th, 2013 by issuing a Downtrend alert when the shares were trading at $2.76. Since that call, shares of Yingli Green Energy have fallen 21.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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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