Shares of SolarCity Corp
(NASDAQ:SCTY) are being taken down by roughly 7% today. High beta stocks are all declining but the solar stocks seem to be getting hit harder. This could have something to do with the large decline in crude oil
over the last several weeks. SolarCity Corp
(NASDAQ:SCTY) has had a nice decline over the last couple weeks and is down just over 20% from the $75.90 high made on September 12. With such a large decline I have looked at the money making levels where support will be found. The two levels I like for a bounce on SolarCity
are $58.90 and then further down at $55. This is where this equity should find support and traders can go long for a bounce.
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