Suntech Power (STP) NewsBite - STP Could Be On the Move
Posted: Friday, May 08, 2009 10:30 AM EDT
Suntech Power (STP) could be on the move today and is now at $16.83, up $0.13 (0.78%) on volume of 1,184,809 shares traded. Over the last 52 weeks the stock has ranged from a low of $5.09 to a high of $49.60. Suntech Power stock has been showing support around $14.29 and resistance in the $20.51 range. Technical indicators for the stock are neutral and S&P gives STP a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on STP the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 14 range. [ABR-Seven Summits Strategic Investments NewsBite]
Click Symbol For More News On:
(STP)
CLICK HERE: FREE Suntech Power (STP) Stock ReportSee what our analysts have uncovered about Suntech Power (STP).
Limited Time Offer: Click here for “FREE PriceWatch Alerts” on leading stocks from Investors Observer. Get the right investing information at the right time. Give yourself EVERY edge in this market GO »