Short Term Gains: First Solar (FSLR) Jumps 11.5% in 2 weeks as predicted

First Solar (FSLR)

First Solar (FSLR) was number 4 in our best Top Ten Stocks forecast for the two-week time horizon. FSLR had a signal of 36.57 and predictability of 0.09.  In accordance with the algorithmic forecast the stock jumped 11.53%.

First Solar benefited from the U.S. Commerce Department announcement of new tariffs on Chinese solar manufacturers. Ranging from fees between 18% and 35%, the move combats foreign competition in an industry where Chinese manufacturers, given subsidies by their government, have been illegally “dumping” their product in the U.S. at losses in an attempt to gain market share.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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