Trading Strategy for LDK Solar (NYSE:LDK) into Strength

Aug 25, 2008
Author: SCP Editor

August 25, 2008 – Trading Tip: LDK Solar (NYSE:LDK) is soaring lately after having blown away quarterly financial expectations and raised its FY 2009 revenue guidance. Since we recommended the stock on April 24, the stock is up almost 60%. We remain long term bullish on the stock, and raised our target 12-month trading range on the stock over the next 12 months to $62 to $71 this morning. Here is a strategy to protect some of your profits and reduce your cost average:

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