JA Solar Holdings: Continuing the move to the up side (NASDAQ:JASO)

by Josh JA Solar Holdings Co. Ltd. ADS ($JASO) is continuing the move to the upside. JA Solar Holdings Co. Ltd. ADS is up 3.85% at $10.30 on a volume of 2,810,980 shares, already well above the average daily volume of 1.6 million shares.

JA Solar Holdings Co. Ltd. ADS is trading along the upper edge of the price envelope. Friday shares rallied after breaking out of the symmetrical triangle chart pattern (coil) they had been forming since June. Symmetric triangles are continuation patterns and so far this recent coil appears to be resolving to the upside on nice volume.

52 Week Range $2.91-$11.40 Market Cap 409,720,390 Average Volume 2,292,591 Dividend Yield 0.00% Institutional Ownership 2.50% Insider Ownership: 0.00% Percentage of Float Short 9.80% Beta 3.27

JA Solar Holdings Co. Ltd. ADS is above the 50 day moving average and above the 200 day moving average.

JA Solar Holdings Co. Ltd. ADS JA Solar Holdings Co. designs, manufactures and markets high-performance solar cells, which are made from specially processed silicon wafers.

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