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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
