Insane. More than 40% above its 50-day SMA. When the stock runs dry of buyers, look out below. Co is fine. The bulls are playing a game of chicken at this point. Who will blink first and run for the exit?
Pupule's Top 25 (Dec. 25)
Tuesday, December 25, 2007
No. 9 First Solar: En fuego
Talk about a stock on steroids. That whole theory that some fund managers sell off shares when a stock is double its 200-day MA hasn't held true yet for First Solar. The stock closed on Monday at 272. Its 200-day SMA is 114. Either FSLR is due for a big-time pullback, or solar is going to continue exploding. Chart looks a lot like Baidu of earlier this year.
Insane. More than 40% above its 50-day SMA. When the stock runs dry of buyers, look out below. Co is fine. The bulls are playing a game of chicken at this point. Who will blink first and run for the exit?
Pupule's Top 25 (Dec. 25)
Insane. More than 40% above its 50-day SMA. When the stock runs dry of buyers, look out below. Co is fine. The bulls are playing a game of chicken at this point. Who will blink first and run for the exit?
Pupule's Top 25 (Dec. 25)
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