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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

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EDITOR NOTES:

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