$FSLR.US had a strong week after the Democratic midterm win, but I still think it is undervalued.
The share price broke through the major support turned resistance level, and closed the week above $200.
It has already broken through the 50-day moving average, so the next target will be the 200-day moving average at around $215.
However I think it could justifiably trade at a much higher share price anyway because it still trades on a forward P/E of just 8.7 and 7.1 for the next two years.
The share price broke through the major support turned resistance level, and closed the week above $200.
It has already broken through the 50-day moving average, so the next target will be the 200-day moving average at around $215.
However I think it could justifiably trade at a much higher share price anyway because it still trades on a forward P/E of just 8.7 and 7.1 for the next two years.
