Aeropostale Inc. (NYSE: ARO), a mall-based, specialty retailer of casual apparel and accessories, is up sharply in mid-day trading today. At last check, ARO was trading 1.94% higher at $13.13 on volume of 2.63 million, which is above the daily average volume of 2.26 million. Despite the sharp rise today, ARO has fallen more than 1% for the week.
ARO has been trading sideways over the past couple of weeks, struggling to cross its 50-day moving average. A bullish trend will be established if ARO crosses its 50-day moving average. The stock currently faces stiff resistance at around $14.
Yingli Green Energy Holding Co. Ltd. (ADR) (NYSE: YGE), a China-based vertically integrated photovoltaic (PV) product manufacturer worldwide, is soaring in mid-day trading, tracking gains in the solar sector. Chinese solar stocks have been lifted by report that China plans to increase its solar installations in 2013.
YGE has also been gaining momentum after the company earlier this week announced that it expects module shipment for the fourth quarter to reach a new historical high. The company expects module shipment for 2012 to be more than 2.2 GW, which is above high-end of the company’s shipment guidance of 2.1 GW to 2.2 GW.
YGE is currently trading 7.75% higher at $3.06 on volume of 3.72 million, which is well above the daily average volume of 2.37 million. YGE has gained more than 35% in the last five trading sessions.
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Source: Investor Alley, Inc.