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Is FSLR likely to continue lower? Fell Below 50 Day Moving Average shows up after sinking 3.85%
FSLR posted a 3.85% loss on Friday, June 26th, accompanied by 0.7× normal trading volume. Multiple bearish signals emerged — Fell Below 50 DMA and MACD Bearish Centerline Cross — suggesting potential weakness ahead. Key support levels exist at 234.49, 229.91 & 222.82, with resistance at 246.16, 253.25 & 257.83. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of FSLR: C
This might just be the start. See what else showed up for FSLR today.
Read full article here »