Bullish Solar before Earnings

This week we're going to get some Solar Stock results with Canadian Solar (CSIQ) releasing earnings on the 17th November, Suntech Power (STP) and Trina Solar (TSL) on 19 November.

All of these solar stocks have already a strong bullish run in these last days. The Earnings data could have a big effect, positive or negative, on the whole solar sector so be warned.

Suntech Power Holdings Co., Ltd. chart:


This stock gapped up today, but seems "stuck" in the 50 day moving average for now. Expect some resistance around this price, but remember that the earnings release can change the whole technical aspect of this solar stock.

Labels: Canadian Solar Inc., Earnings, Solar Stocks, STP, Suntech Power, Trina Solar, TSL

posted by Ertai at 9:59 AM