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Tesla (TSLA) stock hit $189 recently and is now dropping lower. We could be witnessing the start of a major break down in the stock so be careful buying up here. The key level to watch is $170. I'm bearish on Tesla (TSLA) stock below $170 and bullish above $170. Use tight stops. Tesla (TSLA) has support at $170 which is where the 50 day moving average is located. TSLA shares have not closed below the 50 day since this massive rally began.
Also see - Top Stocks 2014 - Top Stock Gainers 2013
