A look at Trina Solar Ltd. — Volatility Squeeze About to Pop?

by DAN Trina Solar Ltd. ($TSL) averages are at $15.02 (21 day SMA), $14.99 (50 day SMA), $11.77 (200 day SMA). Over the past 52 weeks TSL has traded from a low of $3.31 to a high of $17.84. TSL was last at $16.68 on a volume of 671,948. Average daily volume has been at 4,855,623.

52 Week Range $3.31-$17.84 Market Cap 1,309,511,786 Average Volume 4,855,623 Dividend Yield 0.00% Institutional Ownership 59.70% Insider Ownership: 0.00% Percentage of Float Short 10.60% Beta 3.08

Trina Solar (TSL) has been trading in a fairly tight range for the past month or so. But over the past couple of days, the stock has started to test prior highs on increasing volume. When tests of prior highs occur from a tight consolidation, the outcome is often a bullish breakout. Technical traders might wish to focus on $17. A close above that level will likely lead to even higher prices.

Trina Solar Limited, along with its subsidiaries, is engaged in the manufacturing and selling of solar modules. It produces mono- and multi-crystalline silicon ingots, wafers, cells and related products.

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