A look at SunEdison (SUNE) — Is the sun shining on this solar stock?

by DAN SunEdison ($SUNE) averages are at $12.24 (21 day SMA), $10.30 (50 day SMA), $7.68 (200 day SMA). Over the past 52 weeks SUNE has traded from a low of $2.90 to a high of $13.54. SUNE was last at $13.25 on a volume of 4,505,360. Average daily volume has been at 7,825,227.

52 Week Range $2.90-$13.54 Market Cap 3,527,171,198 Average Volume 7,825,227 Dividend Yield 0.00% Institutional Ownership 99.30% Insider Ownership: 0.80% Percentage of Float Short 9.00% Beta 1.73

SunEdison (SUNE) has been trading in a sideways range for the past month, oscillating between $12.00-$13.54. This recent consolidation is occurring in a bullish environment for semiconductor stocks. A breakout above $13.54 would be a key buy-signal, particularly if such a breakout occurs on more than 8 million shares.

A prudent stop loss level on this stock would be slightly below $12.00.

SunEdison Inc is a semiconductor and solar technology company. It provides technology solutions to corporations, utilities, governments and chip manufacturers to transform lives around the world.

Articles