Sep 06, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for JA Solar on March 07, 2011 at $6.88. In approximately 6 months, JA Solar has returned 54.2% as of today's recent price of $3.15.
In the past 52 weeks, shares of JA Solar have traded between a low of $3.17 and a high of $10.24 and are now at $3.15, which is -1% above that low price.
JA Solar is currently below its 50-day moving average of $4.42 and below its 200-day moving average of $6.15. Look for these moving averages to decline to confirm the company's downward momentum.
In the last five trading sessions, the 50-day MA has fallen 3.7% while the 200-day MA has slid 1.83%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of JA Solar.