First Solar (FSLR) Offering Possible 18.48% Return Over the Next 22 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 $67.50 short put and a strike $62.50 long put offers a potential 18.48% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $67.50 by expiration. The full premium credit of $0.78 would be kept by the premium seller. The risk of $4.22 would be incurred if the stock dropped below the $62.50 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 78.84 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for First Solar

Why First Solar Is A Better Buy Than SolarCity
Sun, 29 Jun 2014 05:27:19 GMT
Seeking Alpha – Shares of solar companies are back in vogue on Wall Street. The two largest solar companies, based on market cap, are First Solar ( FSLR ) and Solar City ( SCTY ). As shown by the chart below, both FSLR …

First Solar to Build Latin America's Largest Solar Plant
Fri, 27 Jun 2014 21:10:09 GMT
Zacks – First Solar Inc. (FSLR) received approval from OPIC, the U.S. government's development finance institution and International Finance Corporation or IFC for a 121-megawatt (MW) solar project in northern …

Solar stocks' time to shine?
Fri, 27 Jun 2014 12:56:00 GMT

First Solar Gets Loans for 141-Megawatt Chile Solar Farm
Thu, 26 Jun 2014 19:18:16 GMT
Bloomberg – First Solar Inc. (FSLR) , the largest U.S. photovoltaic panel maker, will receive as much as $290 million in loans from Overseas Private Investment Corp. and International Finance Corp. for a 121-megawatt solar project in northern Chile. First Solar will use the financing for its Luz del Norte solar project near the city of Copiapo in the Atacama Desert, the Tempe, Arizona-based company said today in a statement. The board of OPIC, a U.S. development finance institution, approved a loan of as much as $230 million and the board of the IFC, part of the World Bank Group, approved a loan of $60 million. First Solar initially applied for licenses for the project in July with 162.4 megawatts of capacity.

First Solar Announces Massive Latin American Project
Thu, 26 Jun 2014 18:57:08 GMT

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