The last couple of months haven’t been great for the solar market – JA Solar (JASO) in particular. That being said, right now might be a great time to load up on the solar manufacture and recoup some of that money you just dished out on holiday gifts.
A play I have been playing a lot on this stock is the bounce off the 200-day moving average (blue line). For as much as this stock doesn’t want to head higher, you have to give it credit for staying above the line.
Of course, consider the trade a bust if JASO continues to head below the 200-day moving average.
More on this topic
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Solar Companies in India face Hard Times – Executive Departures, Debt Restructuring
(Green World Investor, 5/18/12)
JA Solar (JASO) Wins 400MW Supply Deal/Partnership With Jabil Circuit (JBL)
(Green Stocks Central, 4/5/11)
Investing in Alternative Energy Stocks: Five Solar Power Winners
(Money Morning, 5/18/12)