Today's Technical View on Suntech Power, TE Connectivity, Power-One, and Plug Power

Today's Technical View on Suntech Power, TE Connectivity, Power-One, and Plug

PR Newswire

LONDON, March 21, 2013

LONDON, March 21, 2013 /PRNewswire/ --

While Cyprus crisis continues, FED provided a glimmer of hope to the markets
as it reiterated its faith in stimulus measures. The markets responded well
and broke their three-session long loss spree. The Technology sector saw some
upheaval as Suntech Power Holdings Co. Ltd. (NYSE: STP) declared bankruptcy
after series of losses and declines in business. We took a look at the sector
and traced the developments for Suntech Power Holdings Co. Ltd., TE
Connectivity Ltd. (NYSE: TEL), Power-One Inc. (NASDAQ: PWER) and Power-One
Inc. (NASDAQ: PLUG) from the Diversified Electronics industry. StockCall
initiated free in-depth technical analysis on STP, TEL, PWER, and PLUG which
are currently available upon sign up at

Suntech Power Holdings Co. Ltd. closed its latest trading session at $0.59,
same as its previous close. The stock traded in the range of $0.53 and $0.62
with volume of 467,259 shares in yesterday's session. It is likely to face its
first support level at $0.53 and upon breaching this level the stock may go up
to $0.47. The stock is highly volatile as it sports the beta of 3.11. In 2013,
the company declined 58.14 percent whereas in the past 52 weeks, it lost 81.4
percent of its value. The stock is in a bearish mode and is likely to remain
so. Sign up for the free technical analysis on STP at

TE Connectivity Ltd's stock is up 15.88 percent on a YTD basis, thanks to its
1.10 percent gain in the previous trading session. The stock closed at $42.11
after trading in the range of $41.72 and $42.16 on Wednesday. The stock is
showing a bullish streak and may touch $42.99 level. Its second resistance
level is at $43.17. It traded 1.26 million shares during yesterday's session,
down from its average trading volume of 1.59 million. The company gained 13.11
percent in the past 52 weeks with a steep rise shown in 2013. It is currently
trading above its short-term moving average price of $41.18. Download the free
report on TEL by registering at

Power-One Inc.'s stock entered the green zone with its YTD returns gaining
0.23 percent in Wednesday's trading session. The stock traded in the range of
$4.26 and $4.33 and closed at $4.27. However, it traded lower than average
number of shares at 730,518. The stock is in a neutral mode and is likely to
maintain its upward ascent in the coming sessions. Its first resistance level
is at $4.32 and it may test the support level of $4.13 in the coming trading
sessions. The stock trades at beta of 2.11, making it a highly volatile stock.
The free report on PWER can be downloaded by signing up now at

Plug Power Inc. traded in the range of $0.20 and $0.32 in its latest trading
session and ended the day at $0.20, down 27.35 percent. The stock's 52 weeks
range stands at $0.12 and $1.59. Power-One lost 89.16 percent of its value in
the past 12 months, while it lost 63.85 percent on a YTD basis. The company is
in a bearish mode and may find its first support level at $0.16. It is trading
above its 20-day moving average of $0.17 but below its 50-day moving average
price of $0.32. Free report on PLUG can be accessed by registering at

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Contact: William T. Knight, Email:, Contact Number:
+1-646-396-9857 (9:00 am EST - 01:30 pm EST)
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