Stocks to Watch for May 07, 2014 - First Solar (NASDAQ:FSLR)

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First Solar, Inc. FSLR is trading higher after hours, as the company released strong earnings and raised the guidance from $2.20-2.60 to $2.40-2.80 vs $2.49 Est. Right now, the technical chart is consolidating in a bullish flag pattern below key resistance. If breakout occurs we could see momentum toward 75. Shares Short 10,214,700 or 14% of float. This is a short squeeze candidate.

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Netflix, Inc. NFLX closed back below its 200-day exp moving average today after a brief bounce. If the stock breaks 320 it should retest the recent lows at a minimum.

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I think this stock worth watching for a bounce tomorrow. Piper Jaffray upgraded ISIS Pharmaceuticals ISIS from Neutral to Overweight late in the afternoon. Considering it was trading well over $.60 in February, the risk for further decline is outweighed by the potential gain. All indicators are in extreme oversold conditions, so a rebound seems likely and could happen in very soon.

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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

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