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Shares of Trina Solar Are Moving Higher on 1.2x Above-Average Volume (TSL)

Published on Mon, 02/04/2013 - 14:15
By Mallory Stone

Shares of Trina Solar are trading today in above average volume, with the share price rising 3.5% to $5.46. Approximately 5.0 million shares have changed hands today vs. average 30-day volume of 4.0 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

Trina Solar (NYSE:TSL) defies analysts with a current price ($5.46) 22.3% above its average consensus price target of $4.25. The stock should discover initial support at its 200-day moving average (MA) of $5.05 and subsequent support at its 50-day MA of $4.20.

Trina Solar share prices have moved between a 52-week high of $12.19 and a 52-week low of $2.04 and are now trading 168% above that low price at $5.46 per share. 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 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.

By Mallory Stone
mstone@fnno.com