For the first post ever, I present to you.... $FSLR:
It is bouncing off the 50 day EMA and should close that gap in the next month or two at 148.80 (10% isn't bad) ... It could then break out of that HUGE triangle pattern spanning over 17 months.
Mutual funds may need to add to their positions in this relatively new S&P 500 stock in 2010 as well...Never trade earnings day (2/24/2010) with $FSLR unless done very carefully with options... Iron condor possibility.
Oil goes up, solar goes up.
Keep an eye on this one.
2 comments:
Starting to lift off this morning... could be the beginning of the breakout.
Some fundamental game-changing news out today.. this trade is dead. Germany slashes solar subsidies.
http://www.reuters.com/article/idAFLDE60D27320100114?rpc=44
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