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Shares of First Solar Inc Fall Below Previous 52-Week Low

By Shiri Gupta

Shares of First Solar Inc (NASDAQ:FSLR) traded at a new 52-week low today of $45.40. Approximately 222,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.

In the past 52 weeks, First Solar Inc share prices have been bracketed by a current low of $45.40 and a high of $81.72 and are now at $45.54. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.5%.

Potential upside of 70.0% exists for First Solar Inc, based on a current level of $45.54 and analysts' average consensus price target of $77.43. First Solar Inc shares should first meet resistance at the 50-day moving average (MA) of $50.54 and find additional resistance at the 200-day MA of $61.31.

First Solar, Inc. designs and manufactures solar modules. The Company uses a thin film semiconductor technology to manufacture electricity-producing solar modules.

SmarTrend recommended that its subscribers protect gains by selling shares of First Solar Inc on June 4th, 2018 by issuing a Downtrend alert when the shares were trading at $63.66. Since that call, shares of First Solar Inc have fallen 27.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows first solar inc

Ticker(s): FSLR