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Cleantech Solutions(CLNT) manufactures and sells forged products and fabricated products to a range of clean technology customers, including forged rolled rings and related products for the wind power industry and other industries and equipment to the solar industry. This stock is trading up 6.6% to $2.26 in recent trading.
Today's Range: $2.16-$2.55
52-Week Range: $1.65-$10.10
Three-Month Average Volume: 25,293
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technical perspective, CLNT is bouncing here off some near-term support at around $2.10 with above average volume. This stock has been stuck in a nasty downtrend for the last four months, with shares plunging from $8.81 to a recent low of $2.03. During that downtrend, shares of CLNT have consistently made lower highs and lower lows, which is bearish technical price action. That said, CLNT has now possibly put in a double bottom at around $2.10 to $2.03.
Traders should now look for long-biased trades once CLNT sustains a move or close above its 50-day
moving average at $2.67 and its 200-day at $3.11 with high volume. Look for volume on that move that registers near or above 25,293 shares. If we get that action soon, then CLNT could tag $3.50 to $4 in the near future.