First Solar's most recent trend suggests a bearish bias. One trading opportunity on First Solar is a Bear Call Spread using a strike $35.00 short call and a strike $40.00 long call offers a potential 26.26% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $35.00 by expiration. The full premium credit of $1.04 would be kept by the premium seller. The risk of $3.96 would be incurred if the stock rose above the $40.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for First Solar is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for First Solar is bearish.
The RSI indicator is at 28.41 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for First Solar
Why Is First Solar (FSLR) Down 43.2% Since Last Earnings Report?
Sat, 21 Mar 2020 15:30:03 +0000
First Solar (FSLR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
First Solar (FSLR) Gains As Market Dips: What You Should Know
Fri, 20 Mar 2020 21:45:09 +0000
First Solar (FSLR) closed at $33.69 in the latest trading session, marking a +0.69% move from the prior day.
Top Solar Stocks for Q2 2020
Thu, 19 Mar 2020 16:01:29 +0000
The solar energy industry has been growing rapidly even as fossil fuels remain the dominant form of energy. Solar industry companies come from multiple sectors, including utilities, industrial, and energy, and include popular stocks such as First Solar, Inc. (FSLR) and SunPower Corp. (SPWR). While some large utilities and energy companies have solar and renewable energy divisions, they typically are not included in the industry's listings because their primary focus is not solar.
Top Guru-Owned Alternative Energy Stocks
Tue, 17 Mar 2020 23:17:23 +0000
As clean energy becomes more profitable, these stocks have become popular among gurus Continue reading…
First Solar (FSLR) Stock Sinks As Market Gains: What You Should Know
Fri, 13 Mar 2020 21:45:09 +0000
First Solar (FSLR) closed the most recent trading day at $35.96, moving -1.64% from the previous trading session.
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