Solar Stocks: Swing Trade Bounce Into Year End
Many solar stocks have been crushed lately, coming off epic moves to the upside. As light, holiday volume takes over, these stocks should see buying into the end of the year. Many of these stocks have pulled back into key technical levels as well. For instance, take a look at the First Solar, Inc. (NASDAQ:FSLR) chart. It has pulled back into the 200 day moving average. Also, take a look at Chinese solar Hanwha Solarone Co Ltd (NASDAQ:HSOL). This stock has also had a big pull back into the daily 200 moving average.
Please note that this is just a swing trade into the end of the year. After they get a bounce, selling will resume in 2014.