First Solar in focus again
Thursday, October 11, 2007
Collins Stewart put some pressure today again in First Solar shares after initiated stock with a buy and a $160 price target. Since the start of the year that First Solar is one of the hottest stock of the market, all months make new highs, providing great return for Bulls that they have bet on stock. Looking at the daily chart stock still trading in a Bull Market with its 50 dma on top of 200 dma, and both going up. Indicators are also showing high level of confidence by investors side, so for now stock is very well positioned to make new highs. However, please be aware that RSI is in overbought conditions.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.
Labels: FSLR
