It never made it through 283. If it pulls back on Monday, then I think this will be a good entry point to go short. However, if it makes it through 283 then I see a good long. It didnt make it through today and we have had two weeks of up volume, so I would say the chances of it pulling back on Monday are greater then the chances it will go through 283 and zoom higher. I would short at 283 and expect a turn when it hits the 50 day moving average at around 213.
If the general market rises good and well in the following months, FSLR will have no problem keeping pace. Earnings surprise, momentum, top dog in a recently top performing sector, good price behavior, about to enter all-time high area....all good things going for it. It is one of the hottest movers right now, and I never sell a rising stock. But I'll sell out my position if the price drops $30 from here. Yet this stock has all the required ingredients going for it that it could see $400, $500 and if I'm really lucky $600 by the end of a healthy bull run, before I would have to sell out (my signal to sell will be a price drop of $30 to $60 from its high--exact size is determined by various factors present at that time.)
I put on a $270/$260 June 08 put spread on FSLR yesterday for a $4.40 debit. Looking for this to dump but don't want to take a risk in shorting when this thing can rocket $25 in a day.