• Return to Headlines

First Solar Bearish Moving Average Crossover Alert (FSLR)

By Shiri Gupta

Today, shares of First Solar (NASDAQ:FSLR) have crossed bearishly below their 10-day moving average of $40.27 on a volume of 7.0 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

First Solar share prices have moved between a 52-week high of $74.29 and a 52-week low of $33.74 and are now trading 1% above that low price at $34.00 per share. The 200-day and 50-day moving averages have moved 0.31% higher and 1.42% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of First Solar on September 27th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.21. Since that recommendation, shares of First Solar have risen 6.2%. 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

Ticker(s): FSLR