LDK Solar (LDK) is a vertically integrated manufacturer of Photovoltaic (PV) products. LDK Solar's products include Polysilicon, Solar Wafers, Solar Cells, Solar Modules and Solar Farm Projects. This stock is trading up 5% at $2.30 in recent trading.
Today's Range: $2.17-$2.3252-Week Range: $1.54-$7.52 Volume: 1 million Three-Month Average Volume: 1.6 million >>3 Hot Stocks to Survive Summer From a technical perspective, LDK is ripping higher here with decent volume. This move is quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit once LDK takes out some near-term overhead resistance at $2.34, and then its 50-day moving average of $2.61 with high-volume. Traders should look for long-biased trades if LDK can sustain a move or close above those levels with volume that's near or above 1,598,050 shares. If we get that action soon, then LDK could easily re-test its next significant overhead resistance levels at $3.10 to $3.26, or possibly even its 200-day moving average of $3.92. Keep in mind that LDK is set to report earnings on June 26 before the open.
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