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.