Monday, February 13, 2012

Market Indicators: One of Our Canaries Has Fallen Off Its Perch (FSLR)

Along with the MACD, Mack Daddy, Mack the Knife complex one of the tea leaves we divine is price action in speculative names with First Solar being one that has proven more reliable than a coin flip.

After getting as high as $50.20 on Feb. 9 the stock has tipped over, currently $41.50, down 5,5% on the day and down 19.32% since that top-tick last Thursday.

Here's the 5-day chart:

Chart forFirst Solar, Inc. (FSLR)

Splits: none