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Thursday, June 21, 2007 

Hottest stock of the market FIRST SOLAR

Chart courtesy of stockcharts

ALERT : FLSR Breakout 80$ !!! Another sunny day................
Shares of FLSR were up 2% on Friday to 80.82$ and reaching during the session a new 52 week high at 81.88$. First Solar is one of the hottest stocks in the market right now. The recent IPO was at 20$ and stock is now above 80$, WOW Amazing movement !!! Technically speaking based on above chart, stock show a continuation of the trend with MACD and RSI in the Bullish areas, the stock is in a strong bull market with both 50 day and 200 day moving average going up, however in overbought conditions. The momentum this last two weeks has been phenomenal on First Solar, stock came from 61 to above 80$ in just a few days. I won't be surprise if FLSR reachs new highs tomorrow, because indicators are extremely Bullishs. Keep an eye on her.

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.

That's All for today, have a nice evening !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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