First Solar has still an uptrend and is going toward its highest level.

From a fundamental viewpoint, the company is strong. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year.

Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the USD 66.85 short term support. This trend should allow the stock to reach its USD 73.2 mid-term resistance, which will be the first target price.

According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend offers a target in the USD 72.45 area. If the stock crosses it, a new target price will be set. A stop loss will be placed under the USD 66.85 short term support to avoid a downtrend.