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TD Ameritrade's Chief Strategist Previews SolarCity's Q4 Results

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TD Ameritrade Chief Strategist JJ Kinahan told Benzinga that shares of SolarCity Corp (NASDAQ: SCTY) are trading just above its 200-day moving average, making it "interesting" heading into fourth-quarter results after Wednesday's market close.

Kinahan added that shares of SolarCity have had a "nice run" as of late, suggesting that it may be "difficult" for shares to move after its earnings report unless the company "blows it away." The strategist did note that "so often it is tough to see the explosion on earnings."

Kinahan said that he is expecting a 7 percent move in shares post-earnings.

Kinahan finally noted that he observed a lot of buyers in the $60 weekly call options over the last few trading sessions.

Jayson Derrick and Brianna Valleskey contributed to this report.

Latest Ratings for SCTY

DateFirmActionFromTo
Nov 2016DowngradesHoldSell
Oct 2016UpgradesSellHold
Aug 2016DowngradesStrong BuyMarket Perform

View More Analyst Ratings for SCTY
View the Latest Analyst Ratings

Posted-In: JJ Kinahan Solar Power TD AmeritradeAnalyst Color Exclusives Analyst Ratings Trading Ideas

 

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