First Solar said Q1 EPS swung to a profit from a 61-cent loss last year and handily topping views for 90 cents. But revenue fell 10% to $848 million, well below expectations for $958 million.
The solar panel maker raised the lower bound of its 2016 bottom-line guidance, and now sees EPS of $4.10 to $4.50. The $4.30 midpoint is in line with estimates.
CEO James Hughes is stepping down effective June 30, and will be replaced by CFO Mark Widmar. Hughes will serve as an advisor and remain on the board of directors."
Now the real stuff. I have a "gentlemans wager" with Tim H who mention $FSLR would hit $80 before $50
Here was some of my analysis on FSLR after the sell off from $72 resistance. https://reallifetrading.com/articles/real-life-trading-spring-portfolio-2016-first-edition
Anyway, IF FSLR opens in the red zone... looking to be slightly for the day trade AND the swing level. Looking to buy in the $50 ish area..
log chart yellow lines , the trend is already above 50 ,
linear chart , blue lines , the up trend still shows time to go down to 50 , and to hit 80 , better be quick for the 80
hit resistance @ 74.17 and have not broken it
wicks below have no major area of support and are random
, but oil prices determine if solar needed or not
my fun prediction is 50 more possible then 80