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Watch for First Solar Inc to Potentially Rebound After Falling 7.77% Yesterday

By Shiri Gupta

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, First Solar Inc share prices have been bracketed by a low of $38.45 and a high of $69.24 and are now at $52.10, 36% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 1.26% lower over the past week, respectively.

Keywords: rebounders first solar inc

Ticker(s): FSLR