• Return to Headlines

After Yesterday's Decline of 2.63%, First Solar Inc Offers Investors Better Value

By James Quinn

First Solar Inc (NASDAQ:FSLR) traded in a range yesterday that spanned from a low of $42.45 to a high of $44.06. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $43.40 on volume of 566,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, First Solar Inc has traded in a range of $28.47 to $69.24 and is now at $42.53, 49% above that low. The 200-day and 50-day moving averages have moved 1.02% lower and 1.09% lower over the past week, respectively.

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.

Keywords: rebounders first solar inc

Ticker(s): FSLR