• Return to Headlines

Bearish Moving Average Cross by First Solar Inc (FSLR)

By Shiri Gupta

First Solar Inc (NASDAQ:FSLR) crossed under its 10-day moving average of $71.16 on a volume of 317K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

First Solar Inc share prices have moved between a 52-week high of $81.72 and a 52-week low of $25.56 and are now trading 177% above that low price at $70.87 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.4% while the 200-day MA has risen 0.3%.

SmarTrend is monitoring the recent change of momentum in First Solar Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of First Solar Inc in search of a potential trend change.

Keywords: moving crosses first solar inc

Ticker(s): FSLR