Yingli Green Energy

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Yingli Green Energy ( YGE) is a vertically integrated photovoltaic, product manufacturer. This stock is trading up 3% to $3.35 in recent trading.

Today's Range: $3.26-$3.41

52-Week Range: $2.75-$12.69

Volume: 691,000

Three-Month Average Volume: 5,156,240

From a technical perspective, YGE is bouncing higher today right near some major previous support at $3.22 to $3.25 with light volume. This move could be signaling a bottom in the stock as long as YGE can hold above $3.22 to $3.25. If those levels do indeed hold, then YGE could start to spike significantly higher.

Traders should consider long-biased trades in YGE if this stock takes out some near-term overhead resistance at $3.50 with volume. Look for volume on that move that's near or well above 5,156,240 shares. If we get that action soon, look for YGE to make a run at its 50-day moving average of $4.06 or possibly higher.

Yingli shows up on a list of Stocks in Bottoming Sectors Primed for a 2012 Bounce.

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