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First Solar (FSLR) Shares Continue to Squeeze Higher

June 15, 2012 10:54 AM EDT Send to a Friend
Shares of First Solar (Nasdaq: FSLR) have just rallied about 4 percent in morning trade Friday. The stock was swinging between positive and negative territory before the marked movement higher. Notably, volume did not spike as the price pushed above $13.50 and subsequently the $14 level.

While we are not hearing any company-specific news, consider StreetInsider.com's report from Thursday "Is The First Solar Short Squeeze Just Getting Started?"

With the recent volatility in the stock, technicians have been all over First Solar shares. This morning shares seem to be bouncing off the 50-day simple moving average.

Shares of First Solar last traded at $14.03.




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