First Solar (FSLR) Offering Possible 24.38% Return Over the Next 29 Calendar Days

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First Solar’s most recent trend suggests a bullish bias. One trading opportunity on First Solar is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 24.38% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.98 would be kept by the premium seller. The risk of $4.02 would be incurred if the stock dropped below the $52.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for First Solar is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for First Solar is bullish.

The RSI indicator is at 73.74 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for First Solar

ETFs with exposure to First Solar, Inc. : November 13, 2017
Mon, 13 Nov 2017 17:22:58 +0000
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to First Solar, Inc. Here are 5 ETFs with the largest exposure to FSLR-US. Comparing the performance and risk of First Solar, Inc. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker … Read more
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Fri, 10 Nov 2017 12:35:33 +0000
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The rapid pace of bookings would indicate that First Solar should expand its manufacturing capacity, but that may not be a good idea yet.

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Tue, 07 Nov 2017 12:53:12 +0000
Canadian Solar’s (CSIQ) third-quarter 2017 results are expected to be affected by lower average selling prices.

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