Three Stocks Hammered Into Buy Levels: FSLR, GMCR, DMND

In this wild market there are stocks that have outperformed and stocks that have underperformed. In addition, there is a class of stocks that have been crushed. Every trader wants to know when the right buying opportunity is for these stocks. First Solar, Inc. (NASDAQ:FSLR), Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) and Diamond Foods, Inc. (NASDAQ:DMND)  have all been hammered recently for earnings misses or possible accounting issues. The drops have been epic and the bearish sentiment overwhelming. When do these stocks become a buy?

First Solar is a buy between $42.50 – $43.50. However, should the stock close below $40.00, it will fall to $32.00. This solar stock is cheap but that master support must hold. An upside move could take First Solar back above the $50.00 level in the short term.

According to the charts, Green Mountain Coffee is a buy at $40.00- $41.00 range. However, should it fall below $40.00 on a closing basis, a break down would occur to the $34.00 level. An upside move could take Green Mountain into the high $50.00 range.

Diamond Foods is has major support at the $34.00 level. This is another support level at $30.00. This stock traded over $96.00 just a few months ago. It has been absolutely crushed. Any sort of technical bounce on resolution of their issues could take Diamond Foods back to the $50.00 level.

All three stocks carry a high amount of risk. However, the reward is equal or greater at their support levels mentioned above. Pay close attention to the levels and trust the charts.

About Gareth Soloway 168 Articles


Gareth Soloway has been an avid swing and day trader since his days at Binghamton University where he studied Economics. After college, Gareth quickly excelled as a financial advisor, helping clients get their financial houses in order. While helping others gain financial independence, he continued to study the day trading and swing trading world, developing a unique market philosophy and proprietary methods. Following his work in the financial sector, Gareth went on to trade alongside professional traders. Unable to tolerate the hype of Wall Street any longer and having an amazing ability to profit using his developed techniques, Gareth Soloway decided to partner with his friend and colleague, Nicholas Santiago to form Chief Market Strategist Gareth Soloway serves as the president and CFO of InTheMoneyStocks.Com.

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