FSLR generally tracks closely to QQQ's, and recent divergence is temporary in my opinion
While its possible that the QQQ's break to the upside and exit their bear market, the more likely scenario is for the recent bear market bounce to fizzle out and we'll at least see a re-test of June lows.
repeat of June 03-16 would be 17% decline for FSLR --which puts it at ~$112. QQQ's only lost 12% in that time frame, but note that the low average daily trade volume for FSLR contributes to its price volatility both directions
here is a quick comparison I did of volume activity of FLSR vs a couple of its peers:
First Solar, Inc. (FSLR) MCap 14.7B Avg. Volume (10) 3.91M Avg. Vol x price = 537,742,300 (0.37% of MCap) 10.69% of Shares Held by All Insider 82.20% of Shares Held by Institutions
Sunrun Inc. (RUN) MCap 8.09B Avg. Volume (10) 6.02M Avg. Vol x price = 228,783,400 (2.82% of MCap) 5.90% of Shares Held by All Insider 95.03% of Shares Held by Institutions
SunPower Corporation (SPWR) MCap 4.83B Avg. Volume (10) 3.559M Avg. Vol x price = 98,904,610 (2.04% of MCap) 51.3% of Shares Held by All Insider 39.41% of Shares Held by Institutions
lol ... yep, I know, it's stressful! I'll settle for flat / slightly up a little longer :) Ultimately, profit taking (sector rotation) or broad market sell-off will give us at least an explosive and quick dip, or more of a protracted grind down. happy hunting
sumanthduthu
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Hey mate, being following this stock for a while now, shorted this by looking at my analysis and seems like even this indicates that the stock is gonna come down soon. But , my emotions gets weaker when I see this stock in green after I shorted it- hahaha😂😂