$FSLR Nears Double Bottom Investor Buy Level

Shares of First Solar, Inc. (NASDAQ:FSLR) continued their sharp decline on Tuesday. Just a month ago, the solar panel maker was trading at $38.50 and now hovers near $29.00. That is a 25% drop. Investors should perk up immediately though, the stock is nearing a major double bottom support buy level at $28.75. This is a technical chart point where the stock is expected to bounce sharply. This is a quick swing trade that should see results within days. The bounce has an upside target of $31.00.

Stock chart double bottom buy for investors on First Solar

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