SunTech Power

Suntech Power Holdings (NYSE: STP) was mentioned yesterday in Forbes.com site.

Between now and 2010, China is estimated to spend at least $243 billion on various environmental-friendly initiatives. With the 2008 Summer Olympics drawing close, the country has been ramping up investments on renewable energy sources such as solar.

You can read the article here: Chinese Sun Star

STP stock is still inside a stable uptrend, and with prices today aproaching the 36 dollar mark, this stock is near the support.
This could be a good opportunity to buy into a short term bottom, between $36 and $37:

Labels: STP

posted by IntoBlogs at 10:12 AM