Trina Solar (
TSL) is engaged in the manufacturing and selling of solar modules. This stock closed up 9.3% at $16.77 in Monday's trading session.
Monday's Volume: 6.45 million
Three-Month Average Volume: 5.41 million
Volume % Change: 90%
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From a technical perspective, TSL skyrocketed higher here right off some near-term support at $15 with above-average volume. This stock recently pulled back right to its 50-day moving average, where buyers stepped in to support the stock. Since that pull back, shares of TSL have started to rebound and uptrend from $13.94 to its intraday high of $17.09. That rebound is now quickly pushing shares of TSL within range of triggering a big breakout trade. That trade will hit if TSL manages to take out Monday's high of $17.09 to its 52-week high at $17.80 with high volume.
Traders should now look for long-biased trades in TSL as long as it's trending above Monday's low of $15.70 or above more near-term support at $15 and then once it sustains a move or close above those breakout levels with volume that's near or above 5.41 million shares. If that breakout hits soon, then TSL will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $23 to $25.
) designs, manufactures and markets high-performance solar cells, which are made from specially processed silicon wafers. This stock closed up 10% at $11 in Monday's trading session.
Monday's Volume: 4.46 million
Three-Month Average Volume: 2.71 million
Volume % Change: 175%
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From a technical perspective, JASO ripped sharply higher here right above its 50-day moving average of $9.50 with above-average volume. This stock has been trending sideways for the last month, with shares moving between $9.20 on the downside and $11.60 on the upside. This sharp spike higher on Monday is now quickly pushing shares of JASO within range of triggering a big breakout trade above the upper end of its recent range. That breakout will hit if JASO manages to clear Monday's high of $11.08 to its 52-week high at $11.60 with high volume.