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Suntech Power Holdings Co. Ltd. & Sonus Networks Inc. Trend Analyss Reports: (NYSE: STP), (NASDAQ: SONS)

 
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New York, NY -- (SBWIRE) -- 12/31/2012 -- Suntech Power Holdings Co. Ltd. (ADR) (NYSE: STP), a solar energy company engaged in the design, development, manufacturing and marketing of photovoltaic (PV) products, is up sharply in mid-day trading today, extending its gains from last week.

STP has been gaining momentum after the company two weeks ago announced that its solar modules have passed the Blowing Sand Test based on DIN EN 60068-2-68 LC2 by SGS, the world’s leading inspection, verification, testing and certification company.

STP is currently trading 4.29% higher at $1.46 on volume of 2.60 million, which is below the daily average volume of 2.66 million. The stock has gained more than 29% in the last three trading sessions. STP is trading close to $1.50 resistance level. If the stock can break through this level then the upward momentum will continue.

Find out more about STP by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=STP

Sonus Networks Inc. (NASDAQ: SONS), a provider of voice and multimedia infrastructure solutions, is flat in mid-day trading today. At last check, SONS was trading at $1.65, unchanged from Friday, on volume of 1.05 million, which is below the daily average volume of 1.36 million. SONS has fallen more than 6% in the last three trading sessions.

SONS has fallen below $1.70 support as a result of the recent sell-off. The downward slide will continue if the stock falls below $1.65 support level. The next support level for the stock after $1.65 is at around $1.55.

Find out how to successfully trade SONS by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=SONS

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