Yingli Green Energy Up 8.8%, Shares Break Through Resistance (YGE)

Dec 07, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Yingli Green Energy (NYSE:YGE) is one of today's best performing low-priced stocks, up 8.8% to $1.86 on 2.0x average daily volume. Thus far today, Yingli Green Energy has traded 2.0 million shares, vs. average volume of 1.0 million shares per day. The stock has outperformed the Dow (8.8% to the Dow's 0.2%) and outperformed the S&P 500 (8.8% to the S&P's 0.0%) during today's trading.

Yingli Green Energy Holding Company Limited designs, manufactures and sells PV modules. The Company also designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or those that operate on a stand-alone basis.

Over the past year, Yingli Green Energy has traded in a range of $1.25 to $6.27 and is now at $1.86, 49% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 1.8%.

Yingli Green Energy (NYSE:YGE) is currently priced 6.0% above its average consensus analyst price target of $1.75. The stock should hit resistance at its 200-day moving average (MA) of $2.58, as well as support at its 50-day MA of $1.64.

SmarTrend is monitoring the recent change of momentum in Yingli Green Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Yingli Green Energy in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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