InTheMoney Stocks
Long

SolarCity Corp (SCTY) Running Out of Energy

NASDAQ:SCTY   SOLARCITY CORP
143 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
www.InTheMoneyStocks.com
EliteTrader101
2 years ago
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
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out