Buy Alert: June 28, 2016

| June 28, 2016

Buy Alert:  June 28, 2016

 

Trade Details

Buy First Solar (FSLR) August 19th $52.50 Calls for $1.20 or better

 

Why?

FSLR dropped substantially on the Brexit news… but why?  The largest solar company in the US has very little exposure to the UK, and the impact of the move has almost no bearing on the future of solar power.  In fact, solar’s future looks better than ever.  FSLR looks incredibly cheap at these levels.

Let’s buy FSLR August calls.  First exit point for profit-taking is at $50.  For aggressive traders, you can hold up to $55.  The first risk-control point is at $43.  Aggressive traders can hold to $41.

 

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Category: OTW Buy Alerts