Carter Worth thinks Tesla (TSLA) can see a counter trend rally off the 150 day moving average to $175 in the short term. He thinks the stock is due for a 22% rally from $140.
Shares of Tesla (TSLA) have been dropping recently due the media attacking the company due to 3 separate fires which were freak accident, non resulting in injury. You know what they say, buy low and sell high. In the $130's, Tesla (TSLA) is very low, down $60 from the recent high.
Tesla (TSLA) currently has resistance located at $145.65.
Also see - Top Stocks 2014 - Top Stock Gainers 2013