Sep 12, 2011 (SmarTrend(R) Market Surveillance via COMTEX) -- Shares of JA Solar traded at a new 52-week low Friday of $2.82. Approximately 4.4 million shares have traded hands Friday vs. average 30-day volume of 4.3 million shares.

JA Solar closed at $2.86, approximately 33% below its 50-day moving average of $4.27. SmarTrend will be monitoring shares of JASO to see if this bearish momentum will continue.

In the last five trading sessions, the 50-day MA has fallen 3.35% while the 200-day MA has slid 1.07%.

In the past 52 weeks, shares of JA Solar have traded between a low of $3.02 and a high of $10.24 and are now at $2.86, which is 28% of that high price.

SmarTrend currently has shares of JA Solar in an Downtrend and issued the Downtrend alert on March 07, 2011 at $6.88. The stock has fallen 55.8% since the Downtrend alert was issued.

Source:zacks