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First Solar (FSLR) Breaks Through Resistance at $138.74

Written on Thu, 07/29/2010 - 10:15am
By Chip Brian

SmarTrend has detected shares of First Solar (NASDAQ:FSLR) have bullishly opened above the pivot of $137.22 today and have reached the first resistance level of $138.74.
We are watching for a cross of the next upside pivot targets of $140.44 and $143.66. Also, the shares are currently trading above the 50-day moving average of $120.20 and above the 200-day moving average of $124.55.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of First Solar on June 16, 2010 at $117.53. Since the call, the stock has risen 18.2%.

Keywords: First Solar pivot points

Ticker(s): FSLR

Contact Chip Brian
Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

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