This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
China Sunergy(CSUN) manufactures its solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. This stock is trading up 10.4% at $1.58 in recent trading.
Today's Range: $1.44-$1.60
52-Week Range: $1.04-$6.75
Three-Month Average Volume: 37,872
>>5 Energy Stocks T. Boone Pickens Loves Right Now
From a technical perspective, CSUN is ripping here back above its 50-day moving average of $1.51 with above average volume. This move is quickly pushing CSUN within range of triggering a near-term breakout trade. That trade will hit once CSUN takes out some near-term overhead resistance at $1.58 to $1.75 with high-volume.
Traders should now look for long-biased trades in CSUN as long as its trending above its 50-day, and once it sustains a move or close above $1.58 to $1.75 with volume that's near or above 37,872 shares. If we get that action soon, then CSUN could make a run at $1.96 to its 200-day moving average of $2.26.