With the market at resistance and below the Chaikin trend-line, our rules restrict our trading to short term directional trades. FSLR has a Very Bullish Power Gauge rating; it's exhibiting strong technicals, money flow and relative strength. While the solar group overall is weak, FSLR is more closely tethered to the semi-conductor space rather to alternative energy sector. Earnings aren't until 05/6, but the stock is making a move out of oversold territory now. Our plan is to exit just prior to earnings. Here's the long option trade we took today: BOT +1 FSLR 100 JUL 14 65 CALL @9.95 NASDAQ.
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