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-0.000200484808719084 -0.000455647292543788 -0.00293436856398181 -0.00136694187763136 -0.00530373448520963 -0.00515792735159554 -0.00515792735159554 -0.00515792735159554
Stock impact report

First Solar Stock Flashing Intriguing Contrarian Signal [Forbes]

First Solar, Inc. (FSLR) 
Last first solar, inc. earnings: 2/20 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.firstsolar.com/investor-relations
Company Research Source: Forbes
headwinds . While the rest of the broader market struggled this month, FSLR hit a Nov. 5, 12-month high of $281.55, and is headed for a seventh-straight monthly win and fifth consecutive daily gain. Amidst this rise, Despite conventional wisdom suggesting a cooling off period, the equity is also now flashing a quantitative signal that should intrigue contrarian traders. First Solar stock's recent peak comes amid historically low implied volatility (IV) , which has been a bullish combination for the equity in the past. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, there have been four different times in the past five years when FSLR was trading within 2% of its 52-week high, while its Schaeffer's Volatility Index (SVI) sat in the 20th percentile of its annual range or lower -- as is the case with the security's current SVI of 49%, which sits in the 18th percentile of its 12-month range. Data shows the equity was higher a month later 50% of the time, av Show less Read more
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