First Solar (FSLR) Offering Possible 48.81% Return Over the Next 15 Calendar Days

First Solar's most recent trend suggests a bullish bias. One trading opportunity on First Solar is a Bull Put Spread using a strike $76.00 short put and a strike $71.00 long put offers a potential 48.81% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $76.00 by expiration. The full premium credit of $1.64 would be kept by the premium seller. The risk of $3.36 would be incurred if the stock dropped below the $71.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for First Solar is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for First Solar is bullish.

The RSI indicator is at 63.7 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

Cryptocurrency Crash Got You Down? Consider Investing in This Instead
Sun, 30 May 2021 12:20:00 +0000
Here's why they think Enbridge (NYSE: ENB), First Solar (NASDAQ: FSLR), and Brookfield Infrastructure Partners (NYSE: BIP) are better options. Reuben Gregg Brewer (Enbridge): At first blush, Canadian pipeline giant Enbridge would seem an odd juxtaposition to digital currencies.

ReneSola (SOL) Q1 Earnings Beat Estimates, Revenues Rise Y/Y
Thu, 27 May 2021 15:24:03 +0000
ReneSola (SOL) reports earnings of 5 cents in the first quarter of 2021, primarily due an improved top-line performance.

Soaring Solar Costs Could Slow The Renewable Boom
Thu, 27 May 2021 00:00:00 +0000
Year-to-date, solar module prices have risen 18 percent after almost a decade of falling costs, and experts fear that this rise could impact solar projects in the U.S. and India

25 U.S. cities Most Vulnerable to Climate Change
Tue, 25 May 2021 18:18:50 +0000
In this article we are going to present our list of the 25 U.S. cities Most Vulnerable to Climate Change. Click to skip ahead and jump to the 10 U.S. cities Most Vulnerable to Climate Change. If you believe that climate change isn’t real, then perhaps this article might not be for you. I am […]

The Zacks Analyst Blog Highlights: Tesla, SolarEdge Technologies, First Solar and General Electric
Tue, 25 May 2021 10:56:10 +0000
The Zacks Analyst Blog Highlights: Tesla, SolarEdge Technologies, First Solar and General Electric

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