Canadian Solar stock has rallied over 50 percent this year

On Monday, Canadian Solar Inc.'s stock (CSIQ) surged 5.36 percent, to close the day at $39.09. The stock recorded a trading volume of 5.99 million shares, above its three months average volume of 2.45 million shares. The company's shares oscillated between $37.22 and $40.08 during the session.

Over the last one month and over the past three months, Canadian Solar Inc.'s shares have surged 13.17 percent and 42.46 percent, respectively. Furthermore, the stock has rallied 61.60 percent since the start of this year.

The stock is trading above its 50-day and 200-day moving averages. Canadian Solar Inc.'s 50-day moving average of $34.34 is above its 200-day moving average of $29.97. Additionally, the stock traded at a PE ratio of 7.86 and has a Relative Strength Index of 58.56.

Source: Investor Edge

Disclaimer: This post is provided for information purposes only and should not be used as the basis for any investment decision. I am neither licensed nor qualified to provide investment advice. Keith Stein has no position in any stocks mentioned in this post. DCNewsroom has no position in any of the stocks mentioned in this post.