Solar Stocks Review - Monday 4-18-2011
Solar Stocks and Market Commentary with J Peter Lynch
Point Roberts, South Salem, New York - April 18, 2011 www.Investorideas.com, a leader in cleantech stock research, releases a new solar stocks review from contributor, J. Peter Lynch for April 18th.
Solar Stocks Commentary with J Peter Lynch -
Read other articles, Exclusively for InvestorIdeas.com and Renewableenergystocks.com: http://www.renewableenergystocks.com/PL/
See Peter's technical solar stocks review: http://www.investorideas.com/PL/Solar-Stocks-Review.asp
Solar Stocks Review - Monday 4-18-2011
J Peter Lynch
An overall summary and table are below which gives a current snap shot of the “technical picture” of each of our solar stocks. This is updated weekly and also whenever there are any significant changes.
Note: At this time the general market comment is: market has rebounded after its 7% correction but has moved back into a higher risk zone, it appears to be on more solid footing at least for the short term. However, the market is moving into its unfavorable season – May thru September approximately. So I would still be very cautious at this time
Individual Stock Comments and Comments on our Solar Portfolio
All of the solar stock s have fallen further behind the general market and have continued to weaken, with all stocks except for TSL having fallen below their 50 day moving average (a sign of short term weakness).
Below are the latest comments on the 5 stocks remaining in our Solar Portfolio, the weekly momentum has turned positive on ALL 5 stocks, which should be an indication of at least short term strength.
JKS - Stock is now at a critical juncture - a move above 27 would indicate a return to strength and a move below 22 would generate a sell signal.
LDK - A move to 12.5 would be a positive show of strength and a move below 10.5 would generate a sell signal.
SOL - A move to 11 would indicate a return to strength and a move below 9 would generate a sell signal.
SOLR - Consistently one of the two strongest solar stocks, a move to 11 is needed to indicate a return to strength.
TSL - strongest of the group, a move above 31 would indicate renewed strength.
Solar Stock Review as of the close on Friday 15 April 2011
|Symbol||Recent Price||50 Day MA||Trend||Weekly|
|# Weeks||RS Sig||Rating|
50 Day Moving Average (MA) - this is a short term measure of a stock's current technical picture. If the current price is above the 50 day MA it is a positive indication and if it is below the 50 Day MA it is a negative indication.
Overall Trend - this is the overall longer term trend of the stock (Positive + or Negative -). When solar stocks were badly underperforming the market almost all our solar stocks were in negative trends - the stocks that turn to a positive trend first are usually the strongest stocks relative to the group as a whole.
Weekly Momentum (Mom.) and Number of weeks positive or negative - this is a measure of the short term momentum of a stock. It is derived by comparing the one week moving average (MA) of the stock to the five week moving average. When the one week MA goes ABOVE the 5 week MA the weekly momentum turns positive, when it goes BELOW the 5 week MA the weekly momentum turns negative. Momentum, on average, stays positive or negative for between 6 and 8 weeks. So a stock that has been negative for 1 or 2 weeks will usually have at least a few more weeks of negative action to come. This would be useful, for example, if someone wanted to buy a particular stock and its momentum just shifted to negative, they will likely be able to buy the stock lower if they are patient and wait for a pullback in the price of the stock.
Relative Strength - this is a measure of the strength of an individual stock relative to a widely followed index - in this case the Standard and Poor's 500 (S&P 500). If the relative strength is “buy” this means that the individual stock is stronger relative to the index and vice versa.
Rating - this a my technical rating on each of the solar stocks after reviewing the technical indicators (momentum and trend) plus a number of additional indicators (monthly momentum, strength relative to the S&P 500 stock index, overbought/oversold status etc.) to arrive at a comparative rating as to how each stock stands technically. N = neutral, W = weak and S = strong. An asterisk on the rating indicates a change of rating for that stock.
Keep in mind that there are two basic types of equity (stock) analysis. Below is a brief description of each and its primary purpose:
Fundamental Analysis - this is the analysis of the fundamental financial condition of the company and will identify which stocks are stocks you may want to buy when the timing is right. This form of analysis will give you NO indication of the best time to buy the stock.
Technical Analysis - this form of analysis will tell you "when" to buy a stock. It will do this by showing you (in chart format) the basic interaction of supply and demand and when the two change and shift which will indicate a time to buy or a time to sell.
Mr. Lynch has worked, for 34 years as a Wall Street security analyst, an independent security analyst an investment banker and private investor in small emerging technology companies. He has been actively involved in following developments in the renewable energy sector since 1977 and is regarded as an expert in this field. He was the contributing editor for 17 years to the Photovoltaic Insider Report, the leading publication in PV that was directed at industrial subscribers, such as major energy companies, utilities and governments around the world. He is currently a private investor and advisor to a number of companies. He can be reached via e-mail at: SOLARJPL@aol.com. Please visit his website for the promotion of solar energy - www.sunseries.net
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Disclaimer: The views and opinions expressed in the research published are those of the individual companies and writers and not necessarily those of Investorideas.com® or any of the industry sector portals. At the time of publication, writers may hold positions in the stocks or companies mentioned.
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