Suntech Power Holdings Co., Ltd.(fka STPFQ)

[SPM555]

STP (Suntech Power Holdings Co. Ltd.) sold off hard in March and in the process broke to new all time lows. By doing so it almost certainly flushed out any of it’s last shareholders who were tempted to sell into the death spiral it had been stuck in for years, but as is often the case it seems that things were the darkest right before the sun came back out (no pun intended). It’s clearly trying hard to bounce here and reverse this long term downtrend and you can see on the chart how it’s battling some overhead resistance trendlines as well as the 200 MA. If the bulls are able to push it through this resistance it’s fighting, then STP could have a lot more upside in store. I also really like these stocks around 1.00 as they can have great % gains quite easily.

http://ichartpennystocks.com/sector-watchlist-7-solar-stocks-to-keep-on-watch/