timwest

Solarcity Corp SCTY - Daily - Oversold in Neutral zone

Long
NASDAQ:SCTY   None
The price action since the last earnings report has been choppy across the range without direction and now it is oversold and near a chance to buy. CCI on the 21-day is down near -100 and signaling a chance to get long with a move up to 54 or so likely against risk of a drop to 46-44. I view the odds as 75% for a winner, so the risk being roughly equal to reward isn't a problem for me.

Note the past earnings reports and how the shares moved afterwards to see what might happen next. The next report is about two months away.

Thanks to user "Mr.Josh" for asking me to take a look at SCTY -

Tim 3:16PM EST, June 3, 2014 49.22 last

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