Yingli Green Energy Holding (YGE) NewsBite - YGE Hits 52-Week Low

Tuesday, September 09, 2008 3:04 PM EDT

Yingli Green Energy Holding (NYSE: YGE) hit a new 52-Week low of $12.81 so far today. Currently the stock is down $1.94 (-13.11%) to $12.83 on 4,414,923 shares traded. Today's low is down $28.68 from a 52-Week high of $41.50. YGE stock has been showing support around $13.59 and resistance in the $16.59 range. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for YGE. If you are looking for a hedged play on YGE the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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