3 Solar Stocks That Are Melting Away

This green-energy sector is once again under selling pressure

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3 Solar Stocks That Are Melting Away

Solar Stocks to Sell: JA Solar (JASO)

020414JASO 300x247 3 Solar Stocks That Are Melting Away
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JA Solar (JASO), based in Shanghai, is another Chinese solar play that is under pressure from trade frictions.

Technically, JASO stock is the weakest of the three picks presented here as it threatens to break below its 200-day moving average for the first time since April. A volume-by-price analysis suggests shares could collapse from here, leaving support near $10 per share, all the way down to $6 — a 30% drop from here.

I’ve also added a short position in JASO to my Edge Letter Sample Portfolio.


Article printed from InvestorPlace Media, http://investorplace.com/2014/02/3-solar-stocks-melting/.

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