First Solar (FSLR) Offering Possible 50.6% Return Over the Next 17 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 $65.00 short put and a strike $60.00 long put offers a potential 50.6% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $1.68 would be kept by the premium seller. The risk of $3.32 would be incurred if the stock dropped below the $60.00 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 60.65 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for First Solar

SunPower Buoyed By Tariffs Decision Ahead Of Q2
Wed, 30 Jul 2014 16:59:00 GMT

Canadian, Trina Solar Blast U.S. Over Solar Tariffs
Wed, 30 Jul 2014 00:12:00 GMT
Investor's Business Daily – Canadian Solar and other China-based or China-focused solar products makers are expressing their objection to preliminary tariffs on Chinese and Taiwanese silicon solar photovoltaic cell imports. While …

First Solar (FSLR) Rises on Japanese Module Supply Agreement
Tue, 29 Jul 2014 20:10:08 GMT
Zacks – First Solar, Inc. (FSLR) has entered into an agreement with XSOL Co., Ltd. to deliver cadmium telluride thin film modules in Japan.

First Solar, Inc. to Announce Second Quarter Financial Results on August 5, 2014
Tue, 29 Jul 2014 19:03:00 GMT
Business Wire – First Solar, Inc. will report financial results for the second quarter ended June 30, 2014, after the market closes on Tuesday, August 5, 2014. The Company will hold its quarterly conference call to discuss these results and outlook for 2014 at 4:30 p.m.

First Solar, SunPower rise as Canadian Solar falls
Tue, 29 Jul 2014 15:20:01 GMT
MarketWatch – Shares of solar companies were mixed Tuesday as recently imposed antidumping tariffs reverberate through the market.

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