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First Solar (FSLR) Downgrade Alert, Watch for 17.5% Technical Uptrend Reversal

Oct 29, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: First Solar Inc (FSLR)

First Solar (NASDAQ:FSLR) downgraded to Neutral from Buy at BofA/Merrill. The stock closed yesterday at $151.58 on volume of 5,301,600 shares, above average daily volume of 3,557,522.

First Solar is currently above its 50-day moving average of $142.96 and above its 200-day moving average of $149.57.

SmarTrend is bullish on shares of FSLR and our subscribers received an Uptrend alert on September 08, 2009 at $129.04, which has returned 17.5% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: First Solar Inc (FSLR)


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