First Solar ( FSLR ) Technical Analysis - FSLR Stock Analysis

The following is technical analysis for the stock First Solar ( FSLR ) for 10/20/08.

Support and Resistance Levels - FSLR

First Solar FSLR stock has shown signs of recovering lately as it has trended over its 10 day moving average for several trading days now. This is a positive sign. FSLR has support around the $102.50 and 100.00 level. First Solar also has resistance around the $150 level as well as $160 area. I'd be very bullish on a close over $160. On the downside, the stock is trending well below the 50 and 200 day moving averages.

Earnings will be a key catalyst as to where this stock heads next. FSLR earnings are expected 10/29/08.