FSLR Stock Key Support at the 20 MA

For those looking to get an advantage on reading First Solar's (FSLR) stock chart, use the 20 day moving average as your key support point moving forward.

Take a look at the chart below of FSLR stock and you can see how it has found support at this moving average over the last several months,

fslr-121807.pngClick to view, click again to zoom

A simple edge on a current market leader.

Further Education

Some articles from the stock education center may help further explain this post. Check out stock charts understanding the basics, volume interpretation with stock charts, understanding moving averages, and for advanced readers three shorting strategies using technical analysis.

Comments

  1. Posted by Bryan on December 18, 2007 at 8:50 pm

    Conversely does this mean you would short FSLR if it broke the 20-day? The forward PE on this stock is just nuts but anyone shorting this beast in the past has been in a world of hurt. Your chart only goes back 3 months, maybe a break in the 20 would be a medium-term short?

  2. Posted by Blain Reinkensmeyer on December 18, 2007 at 9:16 pm

    a heavy volume break below the 20 MA could constitute a short.