FSLR Stock Key Support at the 20 MA
Posted on Tue 18th Dec, 2007 06:41:40 PM
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,
Click to view, click again to zoom
A simple edge on a current market leader.
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First Solar (Nasdaq: FSLR): Stock of the Day
(Investment U, 8/25/09)
Jefferies Analyst Defends First Solar (FSLR) Following Negative Barrons Article
(Green Stocks Central, 8/18/09)
Wedbush Morgan Defends First Solar Too; "Negative Barrons Article Unwarranted"
(Green Stocks Central, 8/18/09)
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?
a heavy volume break below the 20 MA could constitute a short.