First Solar (FSLR) Trading High On Upgrade News

Posted: Wednesday, November 18, 2009 12:09 PM EDT
By: Market Intelligence Center Staff





First Solar (FSLR) was upgraded today by analysts at RBC Capital Markets and the stock is now at $124.75, up $0.76 (0.61%) on volume of 1,454,163 shares traded. RBC Capital Markets upgraded the stock today to Outperform from Sector Perform. Over the last 52 weeks the stock has ranged from a low of $85.28 in last November to a high of $207.51 in May. First Solar stock has been showing support around $120.89 and resistance in the $129.09 range. Technical indicators for the stock are neutral and S&P gives FSLR a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on FSLR the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 85 range. [ABR-Seven Summits Strategic Investments NewsBite]



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Hedged Trade Ideas For FSLR:



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