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Bullish Moving Average Cross by First Solar Inc (FSLR)

By David Diaz

Today, shares of First Solar Inc (NASDAQ:FSLR) have crossed bullishly above their 10-day moving average of $61.18 on a volume of 997K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

First Solar Inc share prices have moved between a 52-week high of $78.50 and a 52-week low of $36.51 and are now trading 69% above that low price at $61.52 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of First Solar Inc on April 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.85. Since that recommendation, shares of First Solar Inc have risen 7.2%. We continue to monitor FSLR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses first solar inc

Ticker(s): FSLR