First Solar: Approaching the 200 Day SMA (NASDAQ:FSLR)

by Josh First Solar Inc. ($FSLR) is approaching the 200 day simple moving average. First Solar is down $1.11 to $50.85 (-2.14%) on a volume of 1,546,900 shares. The 200 day simple moving average is currently at $47.85, 5.9% below the current share price.

Shares have found support at this key moving average throughout 2013. A retest of this key support level looks imminent and should draw the attention of technical traders looking for a confirmation of support or a possible breakdown below the key average.

52 Week Range $24.46-$65.99 Market Cap 5,042,607,471 Average Volume 4,747,350 Dividend Yield 0.00% Institutional Ownership 84.40% Insider Ownership: 0.50% Percentage of Float Short 10.30% Beta 2.07

First Solar Inc. First Solar, Inc. designs, manufactures and sells solar electric power modules using a proprietary thin film semiconductor technology. Its business includes project development, engineering, procurement & construction, operating and maintenance services.

Articles