New York (December 20th, 2012) - LDK Solar Co. Ltd. (ADR) (NYSE: LDK), a China-based company engaged in the manufacturing of Photovoltaic (PV) products, is down sharply in mid-day trading today, reversing some of the gains from the previous trading session.
LDK had finished nearly 13.5% higher on Wednesday amid reports that the Chinese government said that it supports consolidation in the Chinese solar power industry. LDK and other Chinese solar firms have struggled in the last year or so amid pricing pressure. However, Chinese solar companies have received extensive support from the Chinese government.
After Wednesday’s rally, LDK is down nearly 7% to $1.33 in mid-day trading today on above average volume of 1.86 million. The stock broke through $1.3 resistance level on Wednesday, which is a bullish signal. However, it has failed to break through $1.40 resistance level.
Find out if LDK could bounce back in the very short term by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=LDKMetalico Inc. (AMEX: MEA), a company engaged in ferrous and non-ferrous scrap metal recycling, platinum group and minor metals recycling and lead metal product fabricating, is up sharply in mid-day trading today, extending its gains from the previous trading sessions.
MEA has been gaining momentum after the company this week announced that it is enhancing its presence in Cleveland, Rochester. Earlier today, the company announced the appointment of Michael J. Drury as its COO for all operations and named Jeff Bauer as its Ohio Valley Regional Vice President of Operations, effective January 1, 2013.
MEA is currently trading 1.04% higher at $1.94 on volume of 88,038. The stock has gained more than 27% this week. MEA could continue to rise before facing resistance at around $2.30.
Find out more about MEA by getting the free full report here:
http://www.wallstreetreport.net/market-scan/?symbol=MEA
About Us:
WallStreetReport.net issues momentum alerts on stocks that can provide gains to day traders. WallStreetReport.net provides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% - 200% or more.
WallStreetReport.net monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals WallStreetReport.net is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading Penny Stocks. Gain an Edge by joining the WallStreetReport.net newsletter and receiving alerts from a Pro-Active team of researchers. Wall Street Report believes traders should have a chance at successfully trading Penny Stocks and invites traders and investors to be part of the Free VIP membership.Simply sign up for free and start receiving exclusive alerts.
Subscribe Here: http://www.WallStreetReport.net
Disclosure: WallStreetReport.net is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetreport.Net website, for complete risks and disclosures.
Contact Info:
Michael Baine
WALL STREET REPORT
[email protected]
347-905-5009