SolarCity Corporation designs, installs, and sells or leases solar energy systems to residential and commercial customers, and government entities in the United States. It offers solar energy systems; solar lease and power purchase agreement finance products; and energy efficiency products and services, as well as develops a proprietary battery management system, which is designed to enable remote, bidirectional control of distributed energy storage that can provide benefits to customers, utilities, and grid operators. The company also sells electricity generated by solar energy systems to customers. It offers its products and services through direct outside sales force; door-to-door sales force; call centers; channel partner network; and robust customer referral program.
To analyze Solar’s stock for potential trading opportunities, please
take a look at the 1-year chart of SCTY (Solar City Corporation) below
with my added notations:
After running up nicely from September to February, SCTY has fallen
relatively quickly since. Today the stock took another leg down by
breaking the key level of $50 (blue). The next level down would be $45
(red), but with earnings coming out yesterday, anything could happen.
The Tale of the Tape: SCTY has key levels of $45 and
$50 to watch. A short trade could be made on any rallies up to that $50
or on a break below $45. Long possibilities would be either on a
continued fall to $45 or on a break back above the $50 level.
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With a non-stop flow of propaganda from Western mainstream media outlets, today Michael Pento warned King World News that the world is headed for a massive crisis and panic. Pento also reveals exactly what is going to trigger this massive panic, and he also cautioned that it will feed on itself once it begins.
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