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Analyst Rating Flashback: First Solar Up 1.3% Since Upgraded 7 Days Ago (FSLR)

Published on Tue, 03/19/2013 - 09:11
By Robert Cotter

One week ago First Solar (NASDAQ:FSLR) was upgraded from Sell to Hold at DNB Markets. First Solar stocks closed at $26.93, a 1.3% gain over the course of one week.

Based on a current price of $26.75, First Solar is currently 3.4% above its average consensus analyst price target of $25.85. The stock should find resistance at its 50-day moving average (MA) of $30.01, as well as support at its 200-day MA of $23.56.

In the past 52 weeks, First Solar share prices have been bracketed by a low of $11.43 and a high of $36.98 and are now at $26.75, 134% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has declined 1.1%.

First Solar, Inc. designs and manufactures solar modules. The Company uses a thin film semiconductor technology to manufacture electricity-producing solar modules.

By Robert Cotter
rcotter@fnno.com