Monday, May 29, 2017

SolarCity Corp Headed Here Before A Pull Back

SolarCity Corp (NASDAQ:SCTY) is surging again today, trading at $51.19, +4.65 (9.99%). The stock is jumping after raising guidance substantially last week. SolarCity is headed directly into a double top from earlier this year at $52.77. Once it hits that level, expect a small, multi-day pullback under $50.00. Once that pull back happens, the stock has a shot of making new all time highs. Quick swing traders can try and short the double top for a pull back under $50.00 before the next possible leg up.

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