Buyers Stepping In - Suntech Power

Date:2011-09-08     Source:xuxinzhjx  Text Size:

New York, September 6th (TradersHuddle.com) - Unusual high volume detected on shares of Suntech Power Holdings Company Ltd., early in the trading session. Suntech Power is currently trading higher by 0.11%, so definitely the buyers stepping in, as the stock's volume is on pace to break its average.

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 has already traded 0.787 times its 3-month average volume, and has calculated support and resistance at $4.80 and $5.44 respectively. Traders like to use volume as their lie detector for price action moves through predefined trading ranges.

The overall market index S&P 500 is trading lower by -2.13% from its previous trading close, which means that Suntech Power stock is outperforming the overall market.

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