First Solar: The Trend Remains To The Upside
António Costa | Mar 13, 2016 02:23PM ET
First Solar Inc (NASDAQ:FSLR): On the daily technical chart the stock continues its up trend, with higher top and higher bottom formation. Recent high volume activity, along with positive crossover of MACD oscillator on the daily charts, suggest fresh buying interest in the stock. The daily RSI is sustaining above the 50% level and supports the bullish argument. Also, the 100-day exponential moving average continues to act as a strong support. So, as long as the stock holds above this key moving average, the trend remains to the upside.
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