FSLR-First Solar Inc. June 20, 2009
Posted by wallstreetbuddha in Uncategorized.Tags: FSLR
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The fundies on this stock is quite dynamic. However, I really want to see the sector step ahead with a little more gusto in the next rally. We’ll see. The stock has performed well in the past few weeks as it rallied above the 200 day moving average. We are seeing the stock consolidate in a range / wedge. Nice possible short if it crosses back below the 200, or I’d go long at $207. Again this scenario is highly subjective to filters that include what is happening at the moment these price levels are crossed. Considering market and sector action in favor I might take the trade. Keep an eye on this one.
I have mixed feeling about Solar in general. I feel the whole “green” thing is nice and fuzzy. But are we being realistic? Then again, the financial are excellent.
