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Look for Shares of First Solar Inc to Potentially Rebound after Yesterday's 8.59% Sell Off

By Amy Schwartz

First Solar Inc (NASDAQ:FSLR) traded in a range yesterday that spanned from a low of $52.75 to a high of $55.69. Yesterday, the shares fell 8.6%, which took the trading range below the 3-day low of $55.83 on volume of 2.0 million 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.

Over the past year, First Solar Inc has traded in a range of $45.77 to $69.24 and is now at $53.73, 17% above that low. The 200-day and 50-day moving averages have moved 0.15% higher and 0.58% higher over the past week, respectively.

Keywords: rebounders first solar inc

Ticker(s): FSLR