First Solar, Inc. (FSLR) stock just broke through the high of the day this morning at $123.70. I bought the stock and will be using a stop loss order at $119.50. I will add to my long position when the stock closes above the 10 day moving average ( currently $135.22 and falling rapidly ).
I don't usually buy stocks when they are trading below all three major moving averages ( 10, 50, 200 day ) but am making an exception given the huge down move.
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