First Solar (FSLR) Offering Possible 14.82% Return Over the Next 17 Calendar Days

First Solar's most recent trend suggests a bearish bias. One trading opportunity on First Solar is a Bear Call Spread using a strike $65.50 short call and a strike $71.00 long call offers a potential 14.82% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $65.50 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.79 would be incurred if the stock rose above the $71.00 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for First Solar is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for First Solar is bearish.

The RSI indicator is at 31.31 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for First Solar

Why Solar Stocks Jumped Double Digits in August
Tue, 08 Sep 2020 13:07:00 +0000
Shares of solar stocks had a great month in August. According to data provided by S&P Global Market Intelligence, shares of Canadian Solar (NASDAQ: CSIQ) were up 46.7%, Sunrun (NASDAQ: RUN) was up 54.1%, First Solar (NASDAQ: FSLR) rose 28.6%, and SolarEdge Technologies (NASDAQ: SEDG) increased 26.3%. This was the case of the tide lifting all solar stocks, but there was some good reason for the move.

What Can We Learn About First Solar's (NASDAQ:FSLR) CEO Compensation?
Mon, 07 Sep 2020 17:09:34 +0000
Mark Widmar has been the CEO of First Solar, Inc. (NASDAQ:FSLR) since 2016, and this article will examine the…

First Solar (FSLR) Up 11.8% Since Last Earnings Report: Can It Continue?
Sat, 05 Sep 2020 15:31:03 +0000
First Solar (FSLR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Solar ETF Tops in August: 5 Stocks Lead the Rally
Tue, 01 Sep 2020 16:15:04 +0000
Inside the best performing ETF of August.

Enphase Launches IQ 7A Microinverters in Australia & Europe
Tue, 01 Sep 2020 13:59:01 +0000
Enphase's (ENPH) high-powered smart grid-ready IQ 7A microinverters dramatically simplify the installation process and can generate up to 14% more power than any previous Enphase IQ microinverters

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