Trade Idea - FSLR
Wednesday, February 13, 2008
( Yesterday close ) Chart courtesy of stockcharts

First Solar shares are acting very well today breaking its major resistance of $200 after company said on Wednesday that it expects to sell between 400 and 430 megawatts of its thin film solar modules in 2008 and post revenues of between $900 million and $950 million. Looking at the daily chart, stock has been digesting some of recent loses around $172, however over last sessions stock has tried to break through its resistance at $200 several times, Then it's time to see whether news today will finally drive shares out of the resistance.

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.

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posted by Pro Investor Trader at 11:20 AM | Permalink


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