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First Solar Inc Falls 7.77% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

First Solar Inc (NASDAQ:FSLR) traded in a range yesterday that spanned from a low of $52.09 to a high of $52.74. Yesterday, the shares fell 7.8%, which took the trading range below the 3-day low of $52.82 on volume of 77,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for First Solar Inc and will alert subscribers who have FSLR in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of First Solar Inc have traded between a low of $38.45 and a high of $69.24 and are now at $52.10, which is 36% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 1.3%.

Keywords: rebounders first solar inc

Ticker(s): FSLR