Don't Ignore This Chart

First Solar Starts Generating Some Power (FSLR)

First Solar (FSLR) has been down and out for a while. The SCTR ranking has been below 10 for a long time. The SCTR started to surge in early May but fell back. This week it kicked back up to 85. With Friday's high close, FSLR is starting to generate some price power.

With new volume hitting the stock recently and the MACD turning up while above zero, this looks like a stock that wants to move higher.

Good trading,
Greg Schnell, CMT, MFTA

 

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