Chart of Day: Solar Stock Gets an Upgrade

You are receiving this email because you are subscribed to Daily Guru Trades. If you no longer wish to receive these emails, please unsubscribe here. Keep an eye on oversold shares of First Solar (SYM: FSLR). After dropping from about $260 to $190, it caught support and is just starting to pivot higher. It’s also oversold on RSI, MACD and Williams’ %R. From its last traded price of $196.04, we’d like to see FSLR initially refill its bearish gap at around $230. Also, over the last few weeks, analysts at Truist initiated a buy rating on the solar stock with a price target of $300. The firm cited “the company's differentiated technology, continued investment in R&D, and sizable contracted backlog further securing [its] competitive moat both for current and future module technology iterations,” as noted by Seeking Alpha. Citi analysts also upgraded FSLR to a buy rating with a $254 price target. They believe the stock will benefit regardless of the outcome of the upcoming election.  Plus, if we see even more interest rate cuts from the Federal Reserve, FSLR would benefit. Did you miss yesterday's Chart of the Day? Click here to view it now. DC2 Publishing LLC 4260 NW 1st Avenue Suite # 55 Boca Raton, FL 33431 – 4264 Daily Guru Trades Copyright © 2023 Daily Guru Trades, All rights reserved. You are receiving this email as part of your subscription to Daily Guru Trades. If you have any questions, please contact us at support@dailygurutrades.com. Daily Guru Trades is a newsletter offered to the public on a subscription basis. While subscribers receive the benefit of Daily Guru Trades opinions, none of the information contained therein constitutes a recommendation from Daily Guru Trades that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. 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