Pre-Market Analysis on SunPower, Trina Solar, Canadian Solar, and JA Solar

Mar 06, 2013, 08:00 ET from

LONDON, March 6, 2013 /PRNewswire/ --

Markets continued their ascent and The Dow Jones scored a new all time high. While all the sectors contributed towards the increase in the indices; the technology sector in particularly stood out of lot. Solar stocks responded well to the improvement in the general economy and traded up. The Dow Jones ended its latest session at 14,253.77, up 0.89 percent while NASDAQ was up 1.32 percent to close at 3,224.13. Similarly, S&P closed on a bullish note at 1,539.79, up 0.96 percent. Our research team took a look at Technology sector, scanning the solar stocks like SunPower Corporation (NASDAQ: SPWR), Trina Solar Limited (NYSE: TSL), Canadian Solar Inc. (NASDAQ: CSIQ) and JA Solar Holdings Co. Ltd (NASDAQ: JASO). StockCall has posted free technical research on SPWR, TSL, CSIQ, and JASO which can be downloaded upon sign up at

Shares of SunPower Corporation ended its previous trading session marginally up at $12.01, 0.42 percent higher. The stock increased more than 113 percent this year, surpassing the broad market. The stock has slipped from $12.39 resistance level. It has support at around $11.74 at the moment. With its upward movement, SunPower is trading above their 6-day and 20-day moving averages. The stock traded 2.45 million shares, in contrast to its usual trading volume of 4.80 million shares. It has gained 65.2 percent in the past 52 weeks. Sign up and read the complimentary report on SPWR at  

Trina Solar Ltd's stock is in a bullish mode and is trading above its 6-day EMA of $4.10. It ended yesterday's trading session 5.87 percent higher at $4.15, and the stock oscillated in the range of $3.99 and $4.20 during the session. Trina Solar traded 2.98 million shares during Tuesday's session. Its usual trading volume stands at 3.51 million shares. The stock trades at beta of 3.15. The company is expected to face its first resistance level at $4.41. Upon breaching this level, the stock may go up to $4.88. Its first support level is at $3.43. The stock is down 45.75 percent in the past 52 weeks. The free report on TSL can be downloaded by signing up now at  

Canadian Solar Inc.'s stock closed at $3.73, 0.81 percent up. The stock traded in the range of $3.68 and $3.82 during yesterday's session and is currently below its 50-day moving average price of $3.75. Canadian Solar gained 9.71 percent so far this year. Its beta is 3.38. The stock is in a neutral phase and its first resistance level is at $3.92. On the downside, its first support is at $3.42. Upon breaching this level, its second support level is at $3.10. Free report on CSIQ can be accessed by registering at  

With an upturn in Tuesday's trading session, JA Solar Holdings Co. Ltd gained 2.81 percent for the year. It has lost 50.95 percent in the past 52 weeks. The stock closed 2.33 percent higher at $4.39 on volume of 314,000 shares. Its average trading volume stands at 614,000 shares. The company's shares currently face resistance at around $4.49. Upon breaching this level, the stock may go up to $4.90. The stock has support at around $4.39. It is currently trading below its 20-day and 50-day moving averages, which is a neutral signal. Register with StockCall and download the research on JASO for free at  

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