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8 pts

Opinion on  First Solar Inc. (FSLR)     Sector: Technology  >  Industry: Semiconductors
Bearish on First Solar

Aug 08, 2008 12:45 AM UTC

Technical Analysis  

Our signals are mid and long term bearish on FSLR. We see a test of the $200 area after a break of $250 in the next few weeks. The stock usually encounters resistance in the high $200's and the ideal negative entry point is in the $270-$280 area, STT

Update 08/22:

We wrote earlier that the ideal negative entry point is in the $270 - $280 range. Well, here we are...we've seen a $30 bounce. Signals say short term lower.

Full details at Supertradetimer.com

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STT

  


FSLR:  This call was made on 08/08/08 @ $265.01001
Rating:   Negative   $265.01001 (08/08/08)
Closed:   09/02/2008 @ $270.39999 (-2.03% in 25 days)
Target:   $200.00 (-24.53%) in Three months


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Supertradetimer Team previously rated FSLR
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