InTheMoney Stocks
Long

SolarCity Corp (SCTY) Running Out of Energy

NASDAQ:SCTY   SOLARCITY CORP
144 1 3
This morning, leading solar energy stock SolarCity             Corporation (NASDAQ:SCTY) is trading lower by $1.97 to $49.30 a share. This stock continues to come under some institutional distribution. SolarCity             Corporation stock topped out on February 26, 2014 at $88.35 a share. It is easy to see how this stock continues to be plagued by sellers in the near term. Investors and swing traders should now watch for daily chart support around the $43.70 level. This is an area where the stock was defended and bought by the institutional money. Often, old pivot points will serve as major support when retested. Traders should expect the stock to be weak until that support level is reached.

Nick Santiago
Chief Market Strategist
http://www.InTheMoneyStocks.com
Totally agree with you. With this nice slow drop into the liquidity area, I'll be looking for a low volume test into your level. Love your clean chart!
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out