Yingli Green Energy (YGE) NewsBite - YGE Gets Cramer Boost

Posted: Monday, July 27, 2009 11:31 AM EDT

Yingli Green Energy (NYSE: YGE) opened at $15.68. So far today, the stock has hit a low of $15.15 and a high of $16.17. YGE is now trading at $15.32, up $.22 (1.46%). Over the last 52 weeks the stock has ranged from a low of $2.50 to a high of $18.39. Shares of YGE are rising today on the Cramer Effect. On his CNBC show Mad Money Friday night, Jim Cramer recommended YGE and Suntech Power (STP) as two companies investors may want to consider. This could be a good sign for YGE. 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 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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