Many solar stocks have been crushed lately, coming off epic moves to the upside. As light, holiday volume takes over, these stocks should see buying into the end of hte year. Many of these stocks have pulled back into key technical levels as well. For instance, take a look at the First Solar, Inc. (NASDAQ:FSLR) chart. It has pulled back into the 200 day moving average. Also, take a look at Chinese solar Hanwha Solarone Co Ltd (NASDAQ:HSOL). This stock has also had a big pull back into the daily 200 moving average.
Please note that this is just a swing trade into the end of the year. After they get a bounce, selling will resume in 2014. Take the seven day free trial to the Research Center. Get our detailed swing trade entry and exit points live as the action happens, (these alerts have a documented 300% return for 2013) everything you need to know to profit from the action.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
Please note that this is just a swing trade into the end of the year. After they get a bounce, selling will resume in 2014. Take the seven day free trial to the Research Center. Get our detailed swing trade entry and exit points live as the action happens, (these alerts have a documented 300% return for 2013) everything you need to know to profit from the action.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com