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First Solar Inc Bullish Moving Average Crossover Alert (FSLR)

By Shiri Gupta

Today, shares of First Solar Inc (NASDAQ:FSLR) have crossed bullishly above their 10-day moving average of $62.35 on a volume of 119K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, First Solar Inc has traded in a range of $36.51 to $65.28 and is now at $63.09, 73% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.

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 10.6%. 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