Today, JA Solar Holdings Co., Ltd., a manufacturer of solar power products, has announced the signing of an extended tenure of supply deal with MEMC Electronic Materials, Inc. a company engaged in the manufacture and promotion of wafers and other products essential for solar and semiconductor manufacturers. (via jasolar.com)
SmarTrend has detected shares of JA Solar (NASDAQ:JASO) have bullishly opened above the pivot of $5.43 today and have reached the first resistance level of $5.57.(via mysmartrend.com)
Free Real Time Stock Ticker: We are watching for a cross of the next upside pivot targets of $5.67 and $5.91. Also, the shares are currently trading above the 50-day moving average of $5.22 and above the 200-day moving average of $4.96.
However, traders aren't betting on additional upside for JASO. Short interest accounts for more than 15% of the equity's float, and JASO's 10-day ISE put/call volume ratio of 5.01 stands less than one percentage point away from an annual pessimistic peak.
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