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

Posted: Monday, September 28, 2009 2:27 PM EDT

Suntech Power (STP) leads the list of top losers so far today and is now at $15.25, down $0.50 (-3.17%) on volume of 2,612,136 shares traded. Over the last 52 weeks the stock has ranged from a low of $5.09 to a high of $42.25. Suntech Power stock has been showing support around $15.18 and resistance in the $16.54 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 November out-of-the-money bear-call credit spread above the 80 range. [ABR-Seven Summits Strategic Investments NewsBite]

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