First Solar, Inc.(FSLR) is in an uptrend but could lose its momentum

(30-Apr-2008) (30-Apr-2008) First Solar, Inc.(FSLR) closed at 291.99, up 7.07 or 2.48 % for the day. Based on our analysis, First Solar, Inc.(FSLR) is in an uptrend but could lose its momentum.

The closing price of First Solar, Inc.(FSLR) is above its 50 day moving average of 239.24 (Designated by blue line). This indicates that the trend is up. 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. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 24-Apr-2008, about 6 trading days ago.