Traders looking to benefit from a continued rally should consider JASO's August 5 call.
An unwinding of this pessimistic sentiment could provide an influx of sideline money for JASO.
One day after Adam Rosales hit a leadoff homer for the A's, Jaso nearly duplicated the feat.
Specifically, JASO is on pace to log a second consecutive weekly close beneath its 50-week moving average.
One day after Adam Rosales hit a leadoff homer for the A's, John Jaso nearly duplicated the feat.
In fact, JASO's year-to-date gain of nearly 12% places it above SOLF in terms of strong price action.
Specifically, eight of the 16 analysts following JASO rate the shares a "hold" or worse, according to Zacks.
If traders open the daily chart they will see that JASO has been on a tear as of late.
So far, 2011 has been a wash for JASO, with the stock up just 0.1% since the start of the year.
One producer of crystalline polysilicon cells for photovoltaic modules, JA Solar (JASO, 6.45) , looks dirt-cheap even after bouncing 197% from its bottom.
Now that JASO has breached its key 50-week trendline, it seems likely that additional downside may be in store during the short term.
"His two-seamer was riding pretty good when it was down, but I think it was just a couple of spots missed, " catcher John Jaso said.
The key for the technical trader is noticing that JASO has been coiling up for a solid year now, with the range of prices contracting.
Like its sector peers, investors have yet to jump JASO's uptrend.
Furthermore, the number of JASO shares sold short rose by nearly 4% during the past month, resulting in roughly 14% of the stock's float sold short.
In response, Piper today reduced ratings on Canadian Solar (CSIQ), JA Solar (JASO), SunPower (SPWRA), Yingli Green Energy (YGE), Trina Solar (TSL) and Suntech (STP).
John Jaso's RBI single brought the A's to 2-1, but the Angels rallied for four runs in the fifth, with Pujols and Hamilton driving in runs and Trumbo knocking in two with a double.
Lazard Capital this morning cut ratings on Canadian Solar (CSIQ), China Sunergy (CSUN), JA Solar (JASO) and LDK Solar (LDK), all to Hold from Buy, asserting that industry pricing will likely fall faster than expected given expected policy changes in Italy and regulatory dynamics in Germany.
FORBES: Solar Shares Slide; Fresh Worries On European Subsidy Cuts
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