Yingli Green Energy Holding Sets Two Month Closing High

Mon. August 25, 2008; Posted: 07:59 AM

(RTTNews) - Yingli Green Energy Holding (YGE | Quote | Chart | News | PowerRating) jumped more than 16% on Friday after the company said it signed a framework agreement with the local government of a county in Beijing to construct a 10 megawatt on-grid solar power plant. The stock moved steadily higher throughout the session, closing just off of its intraday high. The stock closed up $2.47 at $17.86.

With the gain, the stock broke through resistance and crossed its 50-day moving average to set a two month closing high.

For full details on Yingli Green Energy Hlds Co (YGE) click here. Yingli Green Energy Hlds Co (YGE) has Short Term PowerRatings of 6. Details on Yingli Green Energy Hlds Co (YGE) Short Term PowerRatings is available at This Link.

More News: Market Updates | Stock Alerts | All Trading News | Stock Index

Archives

Feedback

Email Article Link

Close X

RELATED SITES

Please call 1-213-955-5858 ext. 1

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.