Solar Stocks to Sell: Trina Solar (TSL)
Trina Solar is being impacted by a move by the U.S. Department of Commerce to initiate an anti-dumping investigation. A ruling by the U.S. International Trade Commission on whether to continue with a full-on investigation is due Feb. 14. If it is determined that the Chinese are hurting U.S. producers, a decision on subsidies and dumping will follow.
TSL stock dropped back below its 50-day moving average on Monday and are initiating a downtrend for the first time since November. A test of the December lows would be worth a 17% decline from here.
I’ve added a short position in TSL stock to my Edge Letter Sample Portfolio.