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Saturday, May 3, 2014

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

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

 
 

Tesla (TSLA) closed above it's 10 day moving average on Friday but all eyes will be on earnings Wednesday night.  Tesla (TSLA) must beat expectations and raise guidance in order to hold this large multiple.  As for the chart, Tesla (TSLA) will have resistance located at $219.33 as well as the 50 day moving average around $222.  If we see big move up on strong earnings, TSLA can easily rally back to $230-$250.  On the downside, support of $190.50 must hold.

Also see - Top Stocks 2014 - Top Stock Gainers 2014