My case for solar and STP
April 23rd, 2008 by helpfulfactsGot in on STP at 46.25 today. If you look at the chart on the stock today the range has been wild. But it is staying within the 200 and 20 day moving averages. As of today those values are 50.05 and 46.66 with 44.90 as 50 day moving average. There should be strong support at these levels and the charts confirm channel trading since beginning of April. FSLR reports next wednesday. Assuming big profits, expect whole industy to get a boost. Hopefully, a runup preearnings will drive this industry and take profits before next wednesday.
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