First Solar's most recent trend suggests a bearish bias. One trading opportunity on First Solar is a Bear Call Spread using a strike $48.00 short call and a strike $53.00 long call offers a potential 22.55% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $48.00 by expiration. The full premium credit of $0.92 would be kept by the premium seller. The risk of $4.08 would be incurred if the stock rose above the $53.00 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 42.02 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
Guess Who Are The Top 10 Solar Panel Makers In the World?
Wed, 03 Dec 2014 23:08:00 GMT
Forbes – Solar equipment makers are gearing up to expand production again after many of them had to idle production lines or close factories. So who are the top 10 solar panel makers these days? IHS released its ranking today that put Trina Solar as the top shipper of solar panels in 2014,
Solar stocks move in tandem with oil
Fri, 28 Nov 2014 18:12:00 GMT
The world's largest solar power plant is now up and running
Fri, 28 Nov 2014 05:58:00 GMT
Jinko Q3 EPS Beats, Sales Miss As Module Prices Dip
Thu, 20 Nov 2014 18:08:00 GMT
Investor's Business Daily – Jinko Solar early Thursday posted Q3 revenue that missed Wall Street expectations as solar panel prices dipped. Jinko Solar (JKS) stock was down 4.5% in midday trading in the stock market today, near 22.50. …
Major Wind Acquisition Makes SunEdison World's Largest Renewable Energy Developer
Tue, 18 Nov 2014 00:54:00 GMT
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