Sune appears to be hitting a capitulation bottom and seeing increased volume at these levels.SunEdison ($SUNE) is trading on higher than normal volume today. SunEdison is up 2.84% at $9.11 on a volume of 31,340,800 shares. That’s already 2.33 times the normal daily volume of 24,759,654.
Technical traders look at heavy volume as we see in SunEdison today to confirm existing or developing signals.
SunEdison is below the 50 day moving average and below the 200 day moving average. These are bearish, bearish indicators respectively.
SunEdison SunEdison Inc is aÂ developer and seller of photovoltaic energy solutions, an owner and operator of clean power generation assets. The Company is also engaged in the development, manufacture and sale of silicon wafers to the semiconductor industry.