First Solar, Inc.(FSLR) is in an downtrend

(29-Jan-2008) (29-Jan-2008) First Solar, Inc.(FSLR) closed at 191.9, up 14.9 or 8.42 % for the day. Based on our analysis, First Solar, Inc.(FSLR) is in an downtrend.

The closing price of First Solar, Inc.(FSLR) is below its 50 day moving average of 225.09 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that First Solar, Inc.(FSLR) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 2-Jan-2008, about 20 trading days ago.