Sep 12, 2011 (SmarTrend(R) Spotlight via COMTEX) -- JA Solar is one of today's worst performing low-priced stocks, down 3.2% to $2.76 on 0.6x average daily volume. Approximately 2.6 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 $4.22 and below their 200-day MA of $6.06.
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 58.5% since the Downtrend alert was issued.