New York, September 2nd (TradersHuddle.com) - Shares of Suntech Power Holdings Company Ltd. booked a new 52 week low by trading below $4.8, traders are definitely monitoring Suntech's price action to see if this move attracts further selling, or it this last push down sets a tradable bottom in the stock.

Suntech Power Holdings Company Ltd. produces photovoltaic products. The Company designs, develops, manufactures and markets a variety of solar cells and modules. Suntech Power is based in China.

Suntech Power is currently trading -4.77% versus its previous trading session close, and it has calculated support and resistance at $4.80 and $5.44 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -1.73% from its previous trading close, which means that Suntech Power stock is underperforming the overall market.