As I said so profoundly in last Wednesday's "First Solar Hits 200 Day Moving Average, Stops Dead in its Tracks (FSLR)":
Hmmm...The 200-day is currently $127.33. Today the stock got to $128.00, couldn't hold and closed at $126.74 +$3.89.
This may be tougher than I thought.
If the stock can't get past the line by the end of the week I'm going to go trade lard, or something.
Here's the chart via BigCharts, posts in this series are under it:
More Options Strategies for First Solar (FSLR)
First Solar Hits 200 Day Moving Average, Stops Dead in its Tracks (FSLR)
First Solar: Trading the Dec. 14 Investors and Analysts Guidance Call--Buy it NOW (FSLR)
UPDATE: Tight stops kids. If the overall market goes against you, you're sunk. On the other hand a reversal of the buck's recent strength puts some rocket fuel into a 1.5 beta stock.
Original post:Nov. 22
The stock is down 9 cents at $124.44 on a day the DJIA is down 128.
Relative strength etc.
Repost: More on the First Solar Initiation by Susquehanna, Likes Dec. $125 Calls (FSLR)
The one concern I would have going into next week is the 200 day moving average, currently at $127.03.Nov. 20
Mitigating possible resistance at that level is the speed with which the stock fell last week, the SMA didn't provide much support on the way down and may not be the resistance point that is often seen when a stock spends considerable time churning around the line.
More on the First Solar Initiation by Susquehanna, Likes Dec. $125 Calls (FSLR)
First Solar Gets Some Love from Susquehanna, Price Target $180 (FSLR)
Credit Suisse's Solar Commentary (FSLR; SOL: STP; TSL)
Rejoice Longs: First Solar Still the Most Shorted Stock in the S&P 500 (FSLR)
First Solar Seems Headed for 200-day Moving Average on Credit Suisse Downgrade, Germany, Cramer (FSLR)