Key Stocks Positioned for Big Moves – RIMM, FSLR

The markets are hovering around the flat line as all eyes remain on Europe. Europe has been quiet this week and that is making investors uneasy. The SPDR S&P 500 ETF (NYSE:SPY) $122.28, +0.57 (+0.47%). While the S&P 500 is slightly higher on the day, the technology tracking ETF, PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) is trading at $54.81, -0.08 (-0.15%).

One of the main stocks on the radar today is Research In Motion Limited (USA) (NASDAQ:RIMM). They report earnings after the market closes today. The stock is currently trading at 52 week lows as Wall Street awaits the report. The bearish sentiment is high right now which may mean bad news is already factored in.

First Solar, Inc. (NASDAQ:FSLR) dropped over 20% yesterday. This stock is down again, trading at $32.01, -1.44 (-4.30%). The company warned on future earnings results and today hit a low not seen since 2006. At this point, the stock is near a longer term low and into major support. While the stock continues to be high risk, upside is likely from here.

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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