INVESTORS SURRENDER THEIR SHARES OF JA SOLAR, SHARES DROP 7.5% (JASO)

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

Sep 06, 2011 -- JA Solar is one of today's worst performing low-priced stocks, down 7.5% to $3.09 on 0.6x average daily volume. Approximately 2.3 million shares have traded hands today vs. 30-day average volume of 4.2 million shares.

High volume often signals a change in trends. Shares of JA Solar are currently trading below their 50-day moving average (MA) of $4.42 and below their 200-day MA of $6.15.

SmarTrend scans for speculative low-price stocks under $5 for reversals in trends. A large price movement may signal continuation or reversal of a trend.

JA Solar is in SmarTrend's Alternative Energy industry and this industry is currently in a Downtrend. An industry trend that matches the stock's trend helps to add conviction to the stock's Downtrend and price prediction.

SmarTrend currently has shares of JA Solar in a Downtrend and issued the Downtrend alert on March 07, 2011 at $6.88. The stock has fallen 51.4% since the Downtrend alert was issued.

 

2005-2011 www.researchinchina.com All Rights Reserved 京ICP备05069564号-1