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Monday, July 30, 2007 

First Solar and Motorola in focus

Chart courtesy of stockcharts

First Solar stock has broken out to all time highs. Shares rose more than 8% to 120.28$ today. This stock has been trading in a range since midlle of July and today just broke out on good volume. The stock opened way to make new highs tomorrow.

Chart courtesy of stockcharts

Motorola shares were up only 0.02$ or 0.12% to $16.97 after JMP Securities analyst Samuel Wilson upgraded the stock to "Market Perform" from "Market Underperform “, based on the Lower Stock Price. Since 19 July stock have tumbled nearly 6% and last week shares breakdown the major support of $17.25, so this flat movement in my opinion is only natural bounce based on the oversold conditions. I wouldn’t consider MOT as a buy until it breaks above the $17.25$ - $17.27 price range.

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 example.

That's All. Have a nice evening !!!

AC

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Hi AC,

FLSR shares will make new highs for sure. Believe me !!!

Regards,

Steven

Hi AC and Steven,

I agree you all, First Solar will rock today !!!

Cheers

Marc

Attention please !!

SUNW resistance at 5.45$

Shares rocked in pre-market

CHeers

Eric

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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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