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First Solar Insider Selling Signals More Pain, Downside PT $25


Many recent insider trades paves the way for lower prices.

Bearish chart pattern likely to continue.

No capitulation bounce emboldens shorts.

First solar (NASDAQ:FSLR) is taking a hit today as it tests a 52 week low it hit last week. Today the stock traded in the morning down to $37.37 just a fraction from last week's low of $36.83. I wrote an article that day questioning if First Solar was a buy? Interested parties can view that article here.

Today's retesting may or may not hold, my belief is this has some more significant downside. I am sure longs will not want to hear this and I do not like to be the bearer of bad news but I do not like what I am seeing by the price action and noteworthy insider trades.

Here is a clip from which anyone can access.

The list goes on and on and gives me serious pause, in fact I am...