First Solar's most recent trend suggests a bearish bias. One trading opportunity on First Solar is a Bear Call Spread using a strike $53.00 short call and a strike $58.00 long call offers a potential 19.05% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $53.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock rose above the $58.00 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 below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for First Solar
Nasdaq stocks posting largest percentage decreases
Thu, 09 Jan 2014 23:03:55 GMT
German Solar Installs Sink, Prompting Calls to Slow Subsidy Cuts
Thu, 09 Jan 2014 16:21:12 GMT
Bloomberg – German solar installations last year sank to less than half their record level, spurring producers to call for an easing in subsidy cuts by Chancellor Angela Merkel’s government to prevent the industry …
China Solar: Long-Term Investors Will Participate This Year, Says Deutsche
Wed, 08 Jan 2014 16:17:00 GMT
Barrons.com – Deutsche Bank, a solar bull, thinks this year solar will have a “second gold rush”, helped by long-only investors. The broker has a Buy rating on Trina Solar (TSL) and Yingli Green Energy (YGE), …
ReneSola Opens Order Book from Japan
Tue, 07 Jan 2014 22:20:03 GMT
Zacks – ReneSola Ltd. announced that it has inked an agreement with a Japanese solar project developer to provide 420 megawatts of solar panels.
SunPower: A Strong Buy
Tue, 07 Jan 2014 20:20:03 GMT
Zacks – On Jan 7, Zacks Investment Research upgraded SunPower Corporation to a Zacks Rank #1 (Strong Buy).
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