Back to Main

9 Takeaways From SolarCity Corp's Chart

By: Minyanville
Posted: 6/18/2013 3:15:00 PM
Referenced Stocks: SCTY

The below chart is of SolarCity Corp ( SCTY ), which engages in the design, installation, and sale or lease of solar energy systems to residential and commercial customers, and government entities in the United States.

Click to enlarge

Recommendation: Long

What I Am Looking At:

Strategy: Looking for the 40-day moving average and the $35 level to hold with the anticipation of a possible move back to the May highs.

This article by Tony Venosa, CMT, was originally published on Schaeffer's Investment Research .

Below, find some more great content from Schaeffer's Investment Research:

Daily Game Plan - Top of the Range

Study of the Week: Is a Lot of Volatility Bullish?

Trading 101: A Look at the Recent Tape

Twitter: @schaeffers