In a welcome move, First Solar stock saw its Relative Strength Rating rise from 70 to 76 on Thursday.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the best-performing stocks typically have an RS Rating of above 80 in the early stages of their moves. See if First Solar stock can continue to rebound and hit that benchmark.
Is First Solar Stock A Buy?
First Solar stock is working on a cup with handle with a 189.50 buy point. See if the solar stock can break out in heavy volume.
The solar technology firm reported -11% earnings growth last quarter. Sales rose 6%. Look for the next report on or around Jul. 31.
First Solar stock holds the No. 6 rank among its peers in the Energy-Solar industry group. Nextracker, SunRun and First Solar are among the top 5 highly rated stocks within the group.
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