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Friday, May 9, 2014

Tesla (TSLA) Stock Analysis 5/12/14 May 12, 2014

Tesla Motors (TSLA) Stock Analysis 5/12/14 May 12, 2014 -

 
 

Tesla (TSLA) is trading around $180 after several attempts to break the 200 day moving average have failed.  With the 200 day moving average hovering around $176, a close below this level without a snap back rally could result in a drop down to $158-$160.  Tesla (TSLA) indicated that battery supply issues are hurting production so this will be a long three months ahead for shareholders.  Tesla will now have resistance at $195 and a break above this levels will be viewed as bullish.

Also see - Top Stocks 2014 - Top Stock Gainers 2014


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