Aug 20, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Trina Solar (NYSE:TSL) on July 11, 2011 at $20.00. In approximately 1 month, Trina Solar has returned 35% as of today's recent price of $13.00.
In the past 52 weeks, shares of Trina Solar have traded between a low of $13.02 and a high of $31.89 and are now at $13.00, which is -0% above that low price.
Trina Solar is currently below its 50-day moving average of $18.43 and below its 200-day moving average of $24.06. 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 2.63% while the 200-day MA has slid 0.98%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Trina Solar.
Source:callcenterinfo