Suntech Power (STP) NewsBite - One Of Today's Top Losers

Posted: Thursday, May 21, 2009 2:32 PM EDT

Suntech Power (STP) leads the list of top losers so far today and is now at $14.02, down $1.81 (-11.43%) on volume of 10,723,686 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 $14.47 and resistance in the $18.09 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 bear-call credit spread above the 16 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (STP)