Yingli Green Energy (YGE) NewsBite - YGE Is On the Move

Posted: Friday, June 26, 2009 11:08 AM EDT

Yingli Green Energy (YGE) appears to be on the move today and is now at $13.51, up $.27 (2.04%) on volume of 2,005,348 shares traded. Over the last 52 weeks the stock has ranged from a low of $2.50 to a high of $19.16. Yingli Green Energy stock has been showing support around $12.44 and resistance in the $14.46 range. Technical indicators for the stock are bullish 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 September out-of-the-money bull-put credit spread below the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

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