First Solar Inc.

Investors who are interested in more targeted exposure to companies in the solar sector may choose to analyze the top holdings of the TAN ETF. First Solar, Inc. (FSLR)

is the fund’s top holding and the recent price action, as shown on the chart, suggests that this is a company worth keeping an eye on. Like the case of the TAN ETF above, the bulls have been able to push the price toward the major resistance of the 200-day moving average. However, as you’ll notice in the case of FSLR, the price has been able to close above on above-average volume. The break above the 200-day moving average is a technical signal that suggests the trend is in the process of reversing. The final technical level of resistance that needs to be overcome before a true reversal is confirmed is the descending trendline shown on the chart. Those who aren’t convinced that the trend is reversing may be wise to remain on the sidelines until the price is able to close above the February high of $38.50. (For more, see: Top 4 Alternative Energy Stocks for 2017).

Read more: Solar Stocks Are Facing Major Resistance (TAN, FSLR) | Investopedia http://www.investopedia.com/news/solar-stocks-are-facing-major-resistance-tan-fslr/#ixzz4h3rh8bIp 

From Investopedia:

First Solar, Inc. (FSLR)

Taking a look at the top holdings of the TAN ETF, you'll find that the largest holding is First Solar with a weighting of 8.77%. Generally speaking, it is strategic to analyze the top holdings of sector-related ETFs since they are often regarded as among the market leaders. As you'll notice in the chart below, the price has recently broken above the 200-day moving average and then again above the influential dotted trendline. The break above key resistance levels combined with the bullish crossover between the 50-day and 200-day moving averages suggests that this could be the ideal time for long-term bulls to take a position. Stop-loss orders will likely be set directly below the 200-day moving average to protect against any sudden sell-offs. (For more, see: Is First Solar a Great Deal or a Trap?)

Read more: 3 Bullish Chart Patterns for Solar Stocks (TAN, FSLR) | Investopedia http://www.investopedia.com/news/3-bullish-chart-patterns-solar-stocks-tan-fslr/#ixzz4mOfnZ9Dn 
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