Canadian Solar Breaks Above 200-Day Moving Average - Bullish for CSIQ

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In trading on Friday, shares of Canadian Solar Inc (Symbol: CSIQ) crossed above their 200 day moving average of $28.77, changing hands as high as $29.27 per share. Canadian Solar Inc shares are currently trading up about 6.2% on the day. The chart below shows the one year performance of CSIQ shares, versus its 200 day moving average: Canadian Solar Inc 200 Day Moving Average Chart

Looking at the chart above, CSIQ's low point in its 52 week range is $8.30 per share, with $44.50 as the 52 week high point - that compares with a last trade of $29.12.

According to the ETF Finder at ETF Channel, CSIQ makes up 3.85% of the Guggenheim Solar ETF (Symbol: TAN) which is trading up by about 1.5% on the day Friday.

Click here to find out which 9 other stocks recently crossed above their 200 day moving average »




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: CSIQ , TAN

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As of 3/5/2015, 04:15 PM


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