First Solar (FSLR) is scheduled to report earnings after the close of trading Thursday but the stock price has soared higher on the heels of the announcement of a climate spending deal reached in Washington, D.C. I have no idea how the earnings numbers will be received after a 15% price increase but let's try.
A check of the charts is in order.
In the daily bar chart of FSLR, below, we can see a big upside price gap and wide trading range for the shares Thursday. Prices gapped above the 200-day moving average line but were already trading above the rising 50-day moving average line.
The daily On-Balance-Volume (OBV) line shows some quiet improvement from early March. The Moving Average Convergence Divergence (MACD) oscillator has just moved above the zero line for an outright buy signal.