First Solar

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First Solar ( FSLR) manufactures and sells solar modules with an advanced thin-film semiconductor technology. This stock is trading up 6.6% at $42.36 in recent trading.

Today's Volume: 7.1 million

Average Volume: 4.4 million

Volume % Change: 156%

From a technical perspective, FSLR is gapping up strong today with big volume right off its 50-day moving average of $39.44.

Traders should now watch for FSLR to close near its daily highs to signal that the stock wants to trend much higher. At last check, the stock has hit a daily high of $45.20, and its currently trading at around $43.60, which is well of that high. If we get a stronger close, then look for FSLR to re-test its next significant overhead resistance level of $50.20.

First Solar shows up on an end-of-year list of 19 S&P 500 Laggards That Could Be Leaders in 2012 and as of the end of January was one of the 10 Best-Performing S&P 500 Stocks so Far in 2012.

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