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Investor-Edge.com Technical Analysis on Top Gainers: SINA, Baidu, ReneSola, and Energy Recovery

Editor Note: For more information about this release, please scroll to bottom.

LONDON, March 7, 2014 /PRNewswire/ --

On Thursday, March 06, 2014, the US markets saw a mixed sentiment with the NASDAQ Composite closing at 4,352.13, down 0.13%, the Dow Jones Industrial Average ending the session at 16,421.89, up 0.38% and the S&P 500 edging 0.17% higher to finish the trading session at 1,877.03. During the session gains in the Financials, Energy and Industrials sectors positively impacted the broader market, while some retraction came in from Health Care, Consumer Staples and Utilities sectors. A number of stocks saw large movements, including SINA Corporation (NASDAQ: SINA), Baidu Inc. (NASDAQ: BIDU), ReneSola Ltd (NYSE: SOL), and Energy Recovery Inc. (NASDAQ: ERII), which were amongst the top gainers for the session. Free research on these five companies can be accessed at:  

http://investor-edge.com/register

SINA Corp.'s stock finished Thursday's session at $73.44, recording a gain of 8.51%. A total of 9.34 million shares traded which is above the three months average volume of 2.96 million shares. The stock vacillated between $68.10 and $74.62 during the session. The company's shares have advanced 9.14% in the previous three trading sessions and 12.28% in the last one month. SINA Corp.'s shares traded at a PE ratio of 100.95 and have fallen by 12.83% on YTD basis. The S&P 500 Information Technology Sector Index mapped a gain of 0.01% during the trading session and charted up 5.64% in the last one month. Additionally, the stock is trading at the RSI of 43.02 and below its 50-day and 200-day moving averages of $74.63 and $73.79, respectively. Sign up and read the free notes on SINA at:

http://www.Investor-Edge.com/03072014/SINA/report.pdf

Baidu Inc.'s stock edged 5.77% higher, finishing Thursday's session at $184.64. The stock recorded a new 52-weeks high of $186.00 and 8.74 million shares were traded during the session as compared to a three months average volume of 3.90 million shares. The stock fluctuated between $175.01 and $186.00 during the trading session. The company's shares have surged 19.08% in the last one month and 9.44% in the previous three months. Baidu Inc.'s shares traded at a PE ratio of 37.75 have gone up 3.80% on YTD basis. The S&P 500 Information Technology Sector Index mapped a gain of 0.01% during the trading session and charted up 5.85% in the previous three months. Furthermore, the stock is trading at the RSI of 56.09 and above its 50-day and 200-day moving averages of $169.37 and $143.28, respectively. The complimentary notes on BIDU can be downloaded as in PDF format at:

http://www.Investor-Edge.com/03072014/BIDU/report.pdf

On Thursday, ReneSola Ltd's stock ended the session at $4.18, which is 8.57% higher than the previous day's closing price of $3.85. A total of 6.77 million shares were traded as compared to the three months average volume of 3.44 million shares. During the session, the stock oscillated between $3.87 and $4.27. The company's shares have rallied 32.70% in the last one month and 38.41% in the previous three months. ReneSola Ltd's shares have advanced 21.16% on YTD basis. The S&P 500 Information Technology Sector Index mapped a gain of 0.01% during the trading session and charted up 1.64% in the previous three trading sessions. Furthermore, the stock is trading at the RSI of 58.39 and above its 50-day and 200-day moving averages of $3.61 and $3.80, respectively. Register for free on Investor-Edge and access the latest research on SOL at:

 http://www.Investor-Edge.com/03072014/SOL/report.pdf

Shares in Energy Recovery Inc. closed Thursday's session at $6.49, up 36.63% with a trading volume of 7.62 million shares as compared to a three months average volume of 0.55 million shares. The stock vacillated between $5.57 and $6.98 during the session. The company's shares have gained 45.19% in the previous three trading sessions and 57.91% in the last one month. Shares in Energy Recovery Inc. have gone up 16.94% on YTD basis. The S&P 500 Industrials Sector Index mapped a gain of 0.56% during the trading session and advanced 6.01% in the last one month. Moreover, the stock is trading at the RSI of 57.40 and above its 50-day and 200-day moving averages of $4.73 and $5.04, respectively. The complete research on ERII is available for free at:

http://www.Investor-Edge.com/03072014/ERII/report.pdf

About Investor-Edge.com

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

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EDITOR NOTES:

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  • This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  • Information in this release is fact checked and produced on a best efforts basis and reviewed by Nidhi Vatsal, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  • This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  • If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] Investor-edge.com.
  • For any urgent concerns or inquiries, please contact us at compliance [at] Investor-edge.com.
  • Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] Investor-edge.com for consideration.

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Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-edge. An outsourced research services provider represented by Nidhi Vatsal, CFA, has only reviewed the information provided by Investor-edge in this article or report according to the Procedures outlined by Investor-edge. Investor-edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Investor-edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

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Investor-edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

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