Aug 31, 2011 (SmarTrend(R) Market Surveillance via COMTEX) -- One week ago, Suntech Power Holdings was downgraded two notches to Sell from Neutral at Collins Stewart. The stock closed yesterday at $5.26 which is 1.35% higher than the price one-week ago of $5.19.
Suntech Power Holdings (NYSE:STP - Analyst Report) has a potential upside of 11.0% based on a current price of $5.26 and an average consensus analyst price target of $5.84.
Suntech Power Holdings is currently below its 50-day moving average of $6.90 and below its 200-day moving average of $8.17.
SmarTrend currently has shares of Suntech Power Holdings in an Downtrend and issued the Downtrend alert on May 04, 2011 at $8.37. The stock has fallen 35% since the Downtrend alert was issued.
Source:zacks