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First Solar Inc Set to Possibly Rebound After Yesterday's Selloff of 2.63%

By Nick Russo

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.

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.

First Solar Inc share prices have moved between a 52-week high of $69.24 and a 52-week low of $28.47 and are now trading 49% above that low price at $42.53 per share. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 1.1%.

Keywords: rebounders first solar inc

Ticker(s): FSLR