SolarCity Corporation: Symmetrical Triangle Resolving (NASDAQ:SCTY)

by Josh
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SolarCity Corporation ($SCTY) is trading along the upper edge of the price envelope. SolarCity Corporation is up 7.53% at $44.92 on a volume of 3,358,880 shares.

Shares are resolving the symmetrical triangle (coil) chart pattern they’ve been from since late May. Share are trading on heavy volume looking to trade around three times the normal daily volume today.

52 Week Range $9.20-$52.77
Market Cap 3,377,293,999
Average Volume 2,422,771
Dividend Yield 0.00%
Institutional Ownership 27.80%
Insider Ownership: 0.00%
Percentage of Float Short 6.10%
Beta 2.66

SolarCity Corporation SolarCity Corp is engaged in designing, sales, engineering, installation, monitoring, maintenance and financing of solar energy systems to residential and commercial customers, and sale of electricity generated by solar energy systems to customers.

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