Sep 14, 2011  -- SmarTrend identified a Downtrend for Canadian Solar  on July 12, 2011 at $9.87. In approximately 2 months, Canadian Solar has returned 48.7% as of today's recent price of $5.06.

In the past 52 weeks, shares of Canadian Solar have traded between a low of $4.88 and a high of $17.63 and are now at $5.06, which is 4% above that low price.

Canadian Solar is currently below its 50-day moving average of $7.87 and below its 200-day moving average of $10.92. 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 4.63% while the 200-day MA has slid 1.27%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Canadian Solar.