LDK Solar (LDK) is a vertically integrated manufacturer of photovoltaic products. This stock is trading up 4.3% to $1.25 in recent trading.
Today's Range: $1.17-$1.2752-Week Range: $1.16-$6.92 Volume: 568,000 Three-Month Average Volume: 788,920 >>4 Chip Stocks Apple Fans Should Love From a technical perspective, LDK is bouncing here off some near-term support and its 52-weeek low of $1.16 with decent volume. This move is quickly pushing LDK within range of triggering a near-term breakout trade. That trade will hit once LDK clears some near-term overhead resistance at $1.31, and then once it takes out its 50-day moving average at $1.45 with high volume. Traders should now look for long-biased trades in LDK as long as it's trending above $1.16, and then once it sustains a move or close above those breakout levels with volume that's near or above 788,920 shares. If that breakout triggers soon, then LDK will setup to re-test and possibly take out its next major overhead resistance levels at $1.62 to $1.70. Any high-volume move above those levels will then put $1.90 to $2.05 into range for LDK. To see more stocks under-$10 that are making notable moves higher today, check out the Stocks Under-$10 Moving Higher portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.
Twitter and become a fan on Facebook.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts