On a relative basis, the stock has outperformed the S&P 500 by 10.28% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.73% in the last 1 week, and is up 15.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 6.52% and the 50-Day Moving Average is 4.14%.
Trina Solar Limited (NYSE:TSL): The stock opened at $8.33 on Friday but the bulls could not build on the opening and the stock topped out at $8.44 for the day. The stock traded down to $8.19 during the day, due to lack of any buying support eventually closed down at $8.31 with a loss of -4.59% for the day. The stock had closed at $8.71 on the previous day. The total traded volume was 2,478,358 shares.
Institutional Investors own 64.18% of Trina Solar Limited shares.
Trina Solar Limited is an integrated solar power products manufacturer and solar system developer. The Company develops, designs, constructs, operates and sells solar power projects that primarily use the solar modules it manufactures. The Company has two segments: manufacturing segment and solar power projects segment. The Companys manufacturing segment designs, develops, manufactures and sells photovoltaic (PV) modules and integrates the manufacturing of ingots, wafers and solar cells for use in its PV module production. The Companys solar power projects segment designs and constructs, in order to operate or sell, solar power projects in China, the United Kingdom, Japan, the Middle East and India. The Company produces standard monocrystalline PV modules ranging from between 210 watts and 215 watts to between 270 watts and 275 watts in power output and multicrystalline PV modules ranging from between 250 watts and 265 watts to between 300 watts to 315 watts in power output.