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TMCNet:  Stock to Watch: Suntech Power Holdings Up 11.3% (STP)

[March 18, 2013]

Stock to Watch: Suntech Power Holdings Up 11.3% (STP)

Mar 18, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Suntech Power Holdings (NYSE:STP) is one of today's best performing penny stocks, up 11.3% to $0.78 on 1.1x average daily volume. Thus far today, Suntech Power Holdings has traded 4.5 million shares, vs. average volume of 4.2 million shares per day. The stock has outperformed the Dow (11.3% to the Dow's -0.3%) and outperformed the S&P 500 (11.3% to the S&P's -0.5%) during today's trading.

Suntech Power Holdings Co., Ltd. designs, develops, manufactures and market a variety of photovoltaic (PV) cells and modules.

There is potential upside of 60.4% for shares of Suntech Power Holdings based on a current price of $0.78 and an average consensus analyst price target of $1.25. The stock should run into initial resistance at its 200-day moving average (MA) of $1.26 and subsequent resistance at its 50-day MA of $1.49.

Suntech Power Holdings share prices have moved between a 52-week high of $3.68 and a 52-week low of $0.41 and are now trading 90% above that low price at $0.78 per share. The 200-day and 50-day moving averages have moved 2.05% lower and 3.47% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Suntech Power Holdings on February 21st, 2013 by issuing a Downtrend alert when the shares were trading at $1.43. Since that call, shares of Suntech Power Holdings have fallen 51.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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