Smart Grid

TMCNet:  Hot Stock: Yingli Green Energy, Shares Gain 5.3% (YGE)

[May 17, 2013]

Hot Stock: Yingli Green Energy, Shares Gain 5.3% (YGE)

May 17, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Yingli Green Energy (NYSE:YGE) is one of today's best performing low-priced stocks, up 5.3% to $2.59 on 1.4x average daily volume. Thus far today, Yingli Green Energy has traded 3.8 million shares, vs. average volume of 2.7 million shares per day. The stock has outperformed the Dow (5.3% to the Dow's 0.4%) and outperformed the S&P 500 (5.3% to the S&P's 0.5%) during today's trading.
Story continues below ↓

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 22.1% above its average consensus analyst price target of $2.02. Yingli Green Energy shares have support at the 50-day moving average (MA) of $2.21 and additional support at the 200-day MA of $2.14.

Over the past year, Yingli Green Energy has traded in a range of $1.25 to $3.63 and is now at $2.59, 107% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Yingli Green Energy on April 11th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.28. Since that recommendation, shares of Yingli Green Energy have risen 8.1%. 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

[ Back To Smart Grid Home's Homepage ]




blog comments powered by Disqus