First Solar's most recent trend suggests a bearish bias. One trading opportunity on First Solar is a Bear Call Spread using a strike $38.00 short call and a strike $43.00 long call offers a potential 21.36% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $38.00 by expiration. The full premium credit of $0.88 would be kept by the premium seller. The risk of $4.12 would be incurred if the stock rose above the $43.00 long call 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 down which suggests that the medium-term momentum for First Solar is bearish.
The RSI indicator is below 20 which suggests that the stock is in oversold territory.
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
Brazil to Let Developers Cancel Contracts for First Solar Farms
Tue, 23 Aug 2016 19:27:35 GMT
Bloomberg – Brazil will let clean-energy developers cancel their contracts to build the nation’s first large-scale solar farms, reversing an earlier decision.
Dr. Michael Burry of ‘The Big Short' Buys Alphabet and Sells Apple
Fri, 19 Aug 2016 23:11:47 GMT
Canadian Solar Is Facing More Challenges Than It Appears
Fri, 19 Aug 2016 15:43:00 GMT
Ignore SolarCity Corporation: Here Are 3 Better Stocks
Wed, 17 Aug 2016 15:05:00 GMT
It's the Dawn of the Community Solar Farm
Tue, 16 Aug 2016 23:01:00 GMT
Bloomberg – It’s like rooftop solar, without the rooftops.
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