The post below noted that Akamai Technologies, Inc. (AKAM) had sprung to life today but shares of Canadian Solar Inc. (CSIQ) are even stronger. Check out the daily chart...
Chart Courtesy of Thomson FinancialIn a post a few weeks ago, I discussed how Canadian Solar was at an interesting point. The stock was pulling back to test former resistance near 24 as support. The shares held that support and have now moved into a position to challenge their all-time high.
Part of today's 17% surge could be fueled by short covering. Data collected by our Quantified Analysis department shows that 33% of the float is sold short. .
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