Tuesday, December 4, 2012

First Solar, Inc. (NASDAQ: FSLR)

First Solar, Inc. engages in the design, manufacture, and sale of solar modules using a thin-film semiconductor technology in the United States and internationally. The company is also involved in the design, construction, and sale of photovoltaic solar power systems. Its solar modules employ a thin layer of semiconductor material to convert sunlight into electricity. The company's integrated solar power systems activities include project development; engineering, procurement, and construction services; operating and maintenance services; and project finance. First Solar, Inc. sells its solar modules to solar power system project developers, system integrators, and operators; investor owned utilities; independent power developers and producers, commercial and industrial companies, and other system owners.

To review First Solar's stock, please take a look at the 1-year chart of FSLR (First Solar, Inc.) below with my added notations:
1-year chart of FSLR (First Solar, Inc.)
FSLR imploded in February and fell from a high of $50 down to a June low of $12. Since then, the stock has been slowly trending higher (blue). From the end of August until mid-November FLSR has created a $26 resistance level (navy). Last week the stock finally broke through that $26 resistance and did it on a nice increase in volume (red). As the saying goes, “Volume adds validity”.

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