Yingli Green Energy (YGE) NewsBite - One Of Today's Top Losers

Posted: Monday, July 06, 2009 3:09 PM EDT

Yingli Green Energy (YGE) leads the list of top losers so far today and is now at $12.14, down $1.72 (-12.41%) on volume of 8,744,538 shares traded. Over the last 52 weeks the stock has ranged from a low of $2.50 to a high of $18.39. YGE stock has been showing support around $13.15 and resistance in the $14.35 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 July out-of-the-money bear-call credit spread above the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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