First Solar (FSLR) Offering Possible 28.87% Return Over the Next 24 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 28.87% return on risk over the next 24 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 $1.12 would be kept by the premium seller. The risk of $3.88 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 70 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

Options Update: How to Play First Solar
Tue, 24 Jun 2014 16:18:50 GMT
Bloomberg – June 24 (Bloomberg) — OptionPitTrading.com COO Mark Sebastian discusses his options play for First Solar on “Market Makers.” (Source: Bloomberg)

Three China-Based Solar Plays Surge, Despite Tariffs
Fri, 20 Jun 2014 22:12:00 GMT
Investor's Business Daily – Solar stocks enjoyed one of the week's top gains among industry groups, up 14%. Over the past four weeks, they gained 20% . The advance has followed a June 3 U.S. Commerce Department decision to levy duties …

Report: U.S. Trade Dispute Will Inflict Pains On Chinese Solar Manufacturers
Thu, 19 Jun 2014 17:40:00 GMT
Forbes – The latest round of a trade war that started nearly three years ago over Chinese silicon solar panels imported in the United States will likely have a far more financial impact than before. In fact, prices for Chinese solar panels could go up 14% on average, said a report released […]

Will Shares of First Solar and SunPower Keep Heating Up?
Thu, 19 Jun 2014 13:56:35 GMT
Motley Fool – Will solar panel manufacturers such as First Solar and SunPower keep increasing their earnings per share and profit margins in the coming years?

Real solar story
Wed, 18 Jun 2014 16:14:00 GMT
CNBC – FMHR trader Josh Brown laid out his bull case on SunPower last week. Brown says he “still likes the stock” this week.

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