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Time to Take a Shot on First Solar?

By The Chartman FOXBusiness

Overall, it wasn’t a bad week for the market, but it still feels like sideways mode.  I guess that’s due to the resistance overhead that the market just can’t break.

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So, it’s a replay of last week: save your cash until the market makes its next move up.

Speaking of moves up, First Solar (FSLR) had a banner week.  But, can it extend those gains?  Given that it’s not really close to all-time, or even recent, highs I think it may be worth taking a shot.

I talked about Procter & Gamble (PG) a few weeks ago, with the breakout having me think my luck had changed. (I’m long the stock.).  But no, it just moved sideways.
I still own it, though, and think the next break might do the trick.  If you don’t own the stock, that’d be the time to buy.

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Back next week to celebrate Duke advancing in the NCAAs.  Wait, what??

What do you think?

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