OptionsPlay DailyPlay

The bullish DailyPlay we chose for Monday January 25th is First Solar (FSLR). FSLR is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 5.21% move lower and it’s 1m and 6m trend turned bearish on 1/04 but is starting to retest its $41 resistance area on high volume.

First Solar’s 1m and 6m trends turned bullish today and recently broke above its $62 resistance level. With a technical score of 10 (out of 10), FSLR looks positioned to continue this strong bullish trend higher.

Click here to View this Trade on $FSLR