Today's Technical View on Suntech Power, TE Connectivity, Power-One, and Plug Power
LONDON, March 21, 2013 /PRNewswire/ --
While Cyprus crisis continues, FED provided a glimmer of hope to the markets as it reiterated its faith in stimulus measures. The markets responded well and broke their three-session long loss spree. The Technology sector saw some upheaval as Suntech Power Holdings Co. Ltd. (NYSE: STP) declared bankruptcy after series of losses and declines in business. We took a look at the sector and traced the developments for Suntech Power Holdings Co. Ltd., TE Connectivity Ltd. (NYSE: TEL), Power-One Inc. (NASDAQ: PWER) and Power-One Inc. (NASDAQ: PLUG) from the Diversified Electronics industry. StockCall initiated free in-depth technical analysis on STP, TEL, PWER, and PLUG which are currently available upon sign up at
http://www.stockcall.com/research
Suntech Power Holdings Co. Ltd. closed its latest trading session at $0.59, same as its previous close. The stock traded in the range of $0.53 and $0.62 with volume of 467,259 shares in yesterday's session. It is likely to face its first support level at $0.53 and upon breaching this level the stock may go up to $0.47. The stock is highly volatile as it sports the beta of 3.11. In 2013, the company declined 58.14 percent whereas in the past 52 weeks, it lost 81.4 percent of its value. The stock is in a bearish mode and is likely to remain so. Sign up for the free technical analysis on STP at
http://www.StockCall.com/STP032113.pdf
TE Connectivity Ltd's stock is up 15.88 percent on a YTD basis, thanks to its 1.10 percent gain in the previous trading session. The stock closed at $42.11 after trading in the range of $41.72 and $42.16 on Wednesday. The stock is showing a bullish streak and may touch $42.99 level. Its second resistance level is at $43.17. It traded 1.26 million shares during yesterday's session, down from its average trading volume of 1.59 million. The company gained 13.11 percent in the past 52 weeks with a steep rise shown in 2013. It is currently trading above its short-term moving average price of $41.18. Download the free report on TEL by registering at
http://www.StockCall.com/TEL032113.pdf
Power-One Inc.'s stock entered the green zone with its YTD returns gaining 0.23 percent in Wednesday's trading session. The stock traded in the range of $4.26 and $4.33 and closed at $4.27. However, it traded lower than average number of shares at 730,518. The stock is in a neutral mode and is likely to maintain its upward ascent in the coming sessions. Its first resistance level is at $4.32 and it may test the support level of $4.13 in the coming trading sessions. The stock trades at beta of 2.11, making it a highly volatile stock. The free report on PWER can be downloaded by signing up now at
http://www.StockCall.com/PWER032113.pdf
Plug Power Inc. traded in the range of $0.20 and $0.32 in its latest trading session and ended the day at $0.20, down 27.35 percent. The stock's 52 weeks range stands at $0.12 and $1.59. Power-One lost 89.16 percent of its value in the past 12 months, while it lost 63.85 percent on a YTD basis. The company is in a bearish mode and may find its first support level at $0.16. It is trading above its 20-day moving average of $0.17 but below its 50-day moving average price of $0.32. Free report on PLUG can be accessed by registering at
http://www.StockCall.com/PLUG032113.pdf
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