Pre-Market Analysis on SunPower, Trina Solar, Canadian Solar, and JA Solar

  Pre-Market Analysis on SunPower, Trina Solar, Canadian Solar, and JA Solar

PR Newswire

LONDON, March 6, 2013

LONDON, March 6, 2013 /PRNewswire/ --

Markets continued their ascent and The Dow Jones scored a new all time high.
While all the sectors contributed towards the increase in the indices; the
technology sector in particularly stood out of lot. Solar stocks responded
well to the improvement in the general economy and traded up. The Dow Jones
ended its latest session at 14,253.77, up 0.89 percent while NASDAQ was up
1.32 percent to close at 3,224.13. Similarly, S&P closed on a bullish note at
1,539.79, up 0.96 percent. Our research team took a look at Technology sector,
scanning the solar stocks like SunPower Corporation (NASDAQ: SPWR), Trina
Solar Limited (NYSE: TSL), Canadian Solar Inc. (NASDAQ: CSIQ) and JA Solar
Holdings Co. Ltd (NASDAQ: JASO). StockCall has posted free technical research
on SPWR, TSL, CSIQ, and JASO which can be downloaded upon sign up at

Shares of SunPower Corporation ended its previous trading session marginally
up at $12.01, 0.42 percent higher. The stock increased more than 113 percent
this year, surpassing the broad market. The stock has slipped from $12.39
resistance level. It has support at around $11.74 at the moment. With its
upward movement, SunPower is trading above their 6-day and 20-day moving
averages. The stock traded 2.45 million shares, in contrast to its usual
trading volume of 4.80 million shares. It has gained 65.2 percent in the past
52 weeks. Sign up and read the complimentary report on SPWR at 

Trina Solar Ltd's stock is in a bullish mode and is trading above its 6-day
EMA of $4.10. It ended yesterday's trading session 5.87 percent higher at
$4.15, and the stock oscillated in the range of $3.99 and $4.20 during the
session. Trina Solar traded 2.98 million shares during Tuesday's session. Its
usual trading volume stands at 3.51 million shares. The stock trades at beta
of 3.15. The company is expected to face its first resistance level at $4.41.
Upon breaching this level, the stock may go up to $4.88. Its first support
level is at $3.43. The stock is down 45.75 percent in the past 52 weeks. The
free report on TSL can be downloaded by signing up now at 

Canadian Solar Inc.'s stock closed at $3.73, 0.81 percent up. The stock traded
in the range of $3.68 and $3.82 during yesterday's session and is currently
below its 50-day moving average price of $3.75. Canadian Solar gained 9.71
percent so far this year. Its beta is 3.38. The stock is in a neutral phase
and its first resistance level is at $3.92. On the downside, its first support
is at $3.42. Upon breaching this level, its second support level is at $3.10.
Free report on CSIQ can be accessed by registering at 

With an upturn in Tuesday's trading session, JA Solar Holdings Co. Ltd gained
2.81 percent for the year. It has lost 50.95 percent in the past 52 weeks. The
stock closed 2.33 percent higher at $4.39 on volume of 314,000 shares. Its
average trading volume stands at 614,000 shares. The company's shares
currently face resistance at around $4.49. Upon breaching this level, the
stock may go up to $4.90. The stock has support at around $4.39. It is
currently trading below its 20-day and 50-day moving averages, which is a
neutral signal. Register with StockCall and download the research on JASO for
free at 

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