Hot Solar Stocks to Watch: CSIQ, ENER, LDK, YGE

The technical daily chart of Energy Conversion Devices (ENER) is showing that the stock is on a bounce back rally after it lost more than 50% of its value since April. RSI is turning up and is now at 50 levels. The MACD indicator is rising also indicating a buy, and KD line shows the stock is on the positive swing. The On Balance Volume “OBV” is beginning to turn around which suggests the stock is no longer being sold off. The growth in the solar sector is now surging again like a volcano. The stock needs to break today’s high of $4.91 to expect a strong rally at this point.

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Yingli Green Energy Hold. Co. (YGE) – The upward momentum seems to be slowing down as the stock hit critical resistance level. The stock has tried to breakout the past three sessions, but failed. Resistance for the breakout move is $12.64. The stock wants to breakout, so keep it on your radar.

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LDK Solar (LDK) – The short-term uptrend is intact. The bias is bullish in nearest term especially if price able to move consistently above 6.26 targeting 6.95/7 region. Immediate support is at 5.87. Break below that area would lead us into neutral zone as direction is unclear testing 5.75/5.50 support area.

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Canadian Solar (CSIQ) broke out today on heavy volume. If this chart does what is supposed to do, the stock will be going higher in the days to come. From a technical perspective, the stock is now in a new uptrend with share price above 20 and 50-daily moving averages. Let’s see if tomorrow the stock will confirm the breakout. Short-term investors can buy with a stop at $11.89 and long-term investors can hold with a stop at $9. Let’s keep an eye on her as i think momentum will pick up.

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List of stocks whose 13 MA crossed above the 50 MA ( Bullish Cross )

C – Citigroup SPWRA – SunPower
GSK – GlaxoSmithKline EL – The Estee Lauder Companies
MO – Altria Group FE – FirstEnergy
HEW – Hewitt Associates STM – STMicroelectronics N.V.
JBL – Jabil Circuit HCN – Health Care REIT
EP – El Paso NU – Northeast Utilities System
COF – Capital One Financial FTI – FMC Technologies
NVE – NV Energy TE – TECO Energy
CB – The Chubb Corporation CYBS – CyberSource
HBC – HSBC Holdings plc CL – Colgate-Palmolive Company
POM – Pepco Holdings HSWI – HSW International

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List of stocks whose 13 MA crossed below the 50 MA ( Bearish Cross )

AAPL – Apple Inc. ARAY – Accuray Incorporated
ESPH – Ecosphere Technologies MBRKQ – MiddleBrook Pharmaceuticals
LGF – Lions Gate Entertainment AEHI – Alternate Energy Holdings
VSPC – Viaspace

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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don’t consider buying or selling any stock without conducting your own due diligence.

About Antonio Costa 325 Articles

Antonio Costa is a 35 year old part-time trader who trade stocks in the US market.

Visit: AC Investor Blog

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