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Stock Investors Bid Up Shares of Trina Solar, Up 5.1%

Published on Mon, 02/04/2013 - 11:14
By Mallory Stone

One of today's stocks on the move is Trina Solar (NYSE:TSL), up 5.1% to $5.55. The S&P is currently trading 0.7% lower to 1,503 and the Dow Jones Industrial Average is trading 0.8% lower to 13,900.

Trina Solar Limited manufactures solar-power products including photovoltaic wafers, ingots and modules. The Company's solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide.

Over the past year, Trina Solar has traded in a range of $2.04 to $12.19 and is now at $5.55, 172% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 6.2%.

Trina Solar (NYSE:TSL) is currently priced 23.5% above its average consensus analyst price target of $4.25. Trina Solar shares have support at the 200-day moving average (MA) of $5.05 and additional support at the 50-day MA of $4.20.

By Mallory Stone
mstone@fnno.com