The Chart of the Day is China Sunergy (CSUN). I found the stock by sorting the New High List for Weighted Alpha and this stock has a WA of 848.00+. Since the Trend Spotter signaled a buy on 9/3 the stock is up 321.40%!
It is a manufacturer of solar cell products in China. They manufacture 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. China Sunergy sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 21 new highs and up 704.31% in the last year
- Relative Strength Index 75.72%
- Barchart computes a technical support level at 7.41
- Recently traded at 9.15 with a 50 day moving average of 4.88
Fundamental factors:
- Market Cap $406.72 million
- Revenue projected to grow 43.50% this year and 7.10% next year
- Earnings estimated to increase by 63.00% this year, an additional 64.90% next year and continue to increase at the rate of 10.00% annually for the next 5 years
- The Wall Street analyst following the stock rates it a hold
Watch the 50 day moving average on this fast moving stock for an exit point.
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