New York, November 21st (TradersHuddle.com) - Shares of China Sunergy Co. Ltd. (NASDAQ:CSUN) booked a new 52 week low by trading below $0.86, traders are definitely monitoring China Sunergy's price action to see if this move attracts further selling, or it this last push down sets a tradable bottom in the stock.

China Sunergy Co. Ltd. (NASDAQ:CSUN) manufactures and delivers high performance solar cell and module products to the industry. The Company produces its solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. Its R&D efforts focus on continually enhancing the conversion efficiency of our commercial products, as the company was the first PV solar company that has successfully applied selective emitter technology to industrialized production. China Sunergy is headquartered and has its manufacturing operations in China and sales its products around the world, using a sales and marketing network located around the globe.

China Sunergy is currently trading -7.33% versus its previous trading session close, and it has calculated support and resistance at $0.91 and $1.00 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -2.34% from its previous trading close, which means that China Sunergy stock is underperforming the overall market.