Canadian Solar (CSIQ) NewsBite - CSIQ Upgraded By Barclays Capital

Posted: Tuesday, November 03, 2009 2:17 PM EDT

Canadian Solar (CSIQ) was upgraded today by analysts at Barclays Capital and the stock is now at $16.14, up $1.45 (9.84%) on volume of 1,255,825 shares traded. The analysts upgraded CSIQ to Equal Weight from Underweight. Over the last 52 weeks the stock has ranged from a low of $3.00 to a high of $19.91. Canadian Solar stock has been showing support around $13.84 and resistance in the $15.62 range. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for CSIQ. If you are looking for a hedged play on CSIQ the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 14 range. [ABR-Seven Summits Strategic Investments NewsBite]

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