#StockIdeas: #FSLR pullback could rebound to $62

November 1, 2017 · 342 views
#StockIdeas: #FSLR pullback could rebound to $62

FSLR reported a solid earnings report just a few days ago. They reported an earning of $1.95 against an estimate of $0.89. This boost the stocks the following day by over 10%.

With a pullback yesterday, I decided to buy the stock at $56.6. The solid earning should drive the stock price higher. The Fibonacci Retracements technical is showing that the pullback could reach the $62 mark.

Stop loss market is set to $54.5.