Solar Stocks Shine - LDK, ESLR, FSLR

Chart courtesy of www.stockcharts.com ( click to enlarge )

First Solar (FSLR) - The stock closed above its 50-day moving average today on heavy volume for the first time since early September, which is usually a good signal for the short term. The stock is now on the uptrend and with K line now on top of D line First Solar shares have the chance to go much higher from here. If 126.72 holds, next resistance is 160.

Chart courtesy of www.stockcharts.com ( click to enlarge )

Evergreen Solar (ESLR) - The shares have been on a small rally recently with K line on top over D line. The stock overall is still weak with 50 day moving average now below 200 day moving average. The next upside price objective for the bulls is producing a close above technical resistance at $3.12 ( 50 DMA ). Let’s keep an eye on ESLR for a possible breakout over this level.

Chart courtesy of www.stockcharts.com ( click to enlarge )

LDK Solar (LDK) opened weak and closed strong to form a bullish engulfing pattern. A break above $15 turns the trend Bullish. The shares have been on a rise recently as K line is on top of D line indicating a buy signal. Now with stock back above the 20 day moving averagethe stock may see more up side with MACD also rising.

Disclaimer: Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

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