First Solar Moving Above Resistance

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First Solar Moving Above Resistance

Published on Monday, 30 January 2012 06:36 Written by TradersHuddle Staff

New York, January 30th (TradersHuddle.com) - Shares of First Solar, Inc. (NASDAQ:FSLR) closed the trading session at $45.54 just above calculated resistance at $44.16 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range

First Solar, Inc. (NASDAQ:FSLR) designs and manufactures solar modules. The Company uses a thin film semiconductor technology to manufacture electricity-producing solar modules. First Solar is the largest manufcturer of thin film solar modules in the world.

First Solar's stock was trading in a well defined range with support at $36.33 and resistance at $44.16, given that this range was broken traders will be closely monitoring the stock

Tariffs Create Storm Clouds Over Solar Stocks - TheStreet.com
First Solar Stock Hits New 52-Week Low (FSLR) - TheStreet.com
First Solar Stock Hits New 52-Week Low (FSLR) - TheStreet.com
First Solar Inc. Stock Downgraded (FSLR) - TheStreet.com
UPDATE: Cantor Fitzgerald Reiterates Hold Rating, Raises PT for First Solar - Benzinga
UPDATE: DNB Markets Upgrades First Solar; Lowers PT - Benzinga
UPDATE: Jefferies Lowers PT on First Solar to $21 - Benzinga
First Solar Appoints Raffi Garabedian Chief Technology Officer; Dave Eaglesham Retires - Benzinga
MidAmerican Solar and First Solar Announce Start of Major Construction on Largest Solar Project in the World - Benzinga
First Solar Appoints James Hughes CEO - Benzinga

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