Solar City - The Day After Its Q1 Report

Solar City

shares are trading higher by $1.28 at $19.10 in Wednesday's session. The rebound is coming after its $4 plus loss on Tuesday after a worse-than-expected Q1 report. In Tuesday's session, it found support in the area of its February low ($16.31), only reaching $16.50 before rebounding to close at $17.82. Today's rally has come up just shy of the lower-end of Monday's range $21, with the rally stalling at $20.72. Since making the high, it has drifted lower and is struggling to remain in the $19 handle.