( Yesterday close ) Chart courtesy of stockcharts

LDK Solar are today again in focus, after CIBC Wrld Mkts upgrade stock to Sector Perform from Sector Underperform. Taking a quick look at the chart of yesterday, it’s perceptible that stock has found recently a nice support around $40, stabilizing some of he recent losses. Today news related with the upgrade may force some shorts to cover their positions open over the recent decline in share price, so stay tuned on stock because today could be a great day for Bulls to reaffirm the control of stock again.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.