Trina Solar Limited (NYSE:TSL) : Traders are bullish on Trina Solar Limited (NYSE:TSL) as it has outperformed the S&P 500 by a wide margin of 12.76% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.16%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.5% in the last 1 week, and is up 14.58% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -20.98% from its 1 Year high price. On Dec 24, 2015, the shares registered one year high at $11.35 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $7.74 and the 200 Day Moving Average price is recorded at $9.29.
The stock has recorded a 20-day Moving Average of 10.67% and the 50-Day Moving Average is 2.06%.
Trina Solar Limited (NYSE:TSL): stock turned positive on Friday. Though the stock opened at $7.92, the bulls momentum made the stock top out at $8.29 level for the day. The stock recorded a low of $7.92 and closed the trading day at $8.25, in the green by 3.00%. The total traded volume for the day was 2,352,883. The stock had closed at $8.01 in the previous days trading.
Trina Solar Limited is an integrated solar power products manufacturer and solar system developer. The Company develops, designs, constructs, operates and sells solar power projects that primarily use the solar modules it manufactures. The Company has two segments: manufacturing segment and solar power projects segment. The Companys manufacturing segment designs, develops, manufactures and sells photovoltaic (PV) modules and integrates the manufacturing of ingots, wafers and solar cells for use in its PV module production. The Companys solar power projects segment designs and constructs, in order to operate or sell, solar power projects in China, the United Kingdom, Japan, the Middle East and India. The Company produces standard monocrystalline PV modules ranging from between 210 watts and 215 watts to between 270 watts and 275 watts in power output and multicrystalline PV modules ranging from between 250 watts and 265 watts to between 300 watts to 315 watts in power output.