Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.
The Solar Sector Continues to Impress...
First Solar, Inc. (FSLR) has rocketed in reaction to stronger than expected earnings, and to the Citigroup, Inc. (C) upgrade this morning, and a target to raise to 63 from 50.
With FSLR up 19% today, C will probably have to raise its target again soon.
If my intermediate-term work is any gauge, then FSLR is heading for 72-75 next.
Only a powerful downside reversal that breaks 50-58 will wreck the currently impressive, break-out bottom set-up shown on the daily chart.
