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FSLR

By Steve Abraham on Dec 11, 2007

Julia writes in on First Solar and wants to know if I like it better than Mastercard.  Short answer : No.  Mastercard is one favorite stocks in the market. I would not chase FSLR. It’s up from $25 to $250 this year !!!! . The stock looks toppy to me. There is a negative divergence between price action and MACD. If you look closely, the last 30 points the stock has risen the lower the MACD line. That MAY indicate the party is over. I would stay away from FSLR. If someone told me to choose the next 30 points in the stock, I would say it would be downward.  Here is this unbelievable chart:

fslr1.PNG

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This entry was posted on Tuesday, December 11th, 2007 at 8:12 pm and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.


8 Responses to “FSLR”


By Beth Potts on December 19th, 2007 at 4:01 pm

This does appear worrisome. Wizetrade suggests holding off on these stocks.

By Gordon Collins on December 26th, 2007 at 3:25 pm

Since Mastercard is so strong, you better ride the wave, before the volume peaks and pulls down the profits. Wizetrade doesn’t show a foreseeable downtrend.

By Brian on January 3rd, 2008 at 10:26 pm

I disagree, First Solar has been leading the solar industry as of late, and solar has defintely been hot, I think First Solar will continue to go up.

http://technicalstockcharts.blogspot.com/2008/01/another-solar-play-first-solar.html

By Patrick Ali on January 5th, 2008 at 6:54 pm

Target 200.

By Gina Fay Rice on January 10th, 2008 at 1:42 pm

What’s first solar? Is that question from a blind person? Mastercard is obviously who you want to go with. If someone can’t get that, they need some audio/visual help. That’s the exact reason I use wizetrade. I don’t have to worry about the small stuff.

By Gina Fay Rice on January 18th, 2008 at 2:17 pm

Comparing first solar to mastercard is comparing apples to oranges. They just aren’t even in the same league. Wizetrade would laugh at that kind of comparison.

By tony on January 31st, 2008 at 8:26 am

I recently came across a new site http://www.easystockalerts.com with lots information and updates. You can get all recent news and information relating to the stock you follow from this site. Site also monitor monitor some of the top financial blogs for opinions on your stocks.

By daniel79 on February 4th, 2008 at 12:23 pm

http://www.easystockalerts.com will keep you abreast on the latest news on stocks you follow. You can get e-mail and RSS alerts when a stock you are tracking has news, an SEC filing, or a press release. We also monitor some of the top financial blogs for opinions on your stocks.

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