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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.


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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