Chipotle dives on reports of rats falling from Dallas-area restaurant ceiling >>> READ MORE

5 Solar Stocks That Are Burning Out

Prepare to sell or even short these five companies as bearish momentum builds

      View All  

Trina Solar (TSL)

Click to Enlarge
Trina Solar (TSL) is an integrated solar-power productions manufacturer out of China that provides both mono- and multicrystalline ingots, wagers, cells and related items.

Although TSL reported better-than-expected Q3 results on Nov. 19 — with earnings of 14 cents per share vs. the 18 cent-per-share loss that was anticipated — the stock is falling out of a multimonth consolidation pattern.

A return to the July-August support range would be worth a 46%-plus drop from here. I’ve recommended shorting TSL to my clients, and have added the position to my Edge Letter Sample Portfolio.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC