Bullish DailyPlay for Monday January 25th, 2015 – First Solar (FSLR)
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.