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Bearish Moving Average Cross by Tesla Motors Inc (TSLA)

By James Quinn

Tesla Motors Inc (NASDAQ:TSLA) shares have crossed bearishly below their 10-day moving average of $219.06 on a volume of 1.0 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Tesla Motors Inc has traded in a range of $141.05 to $286.65 and is now at $218.85, 55% above that low. The 200-day and 50-day moving averages have moved 0.4% lower and 1.84% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Tesla Motors Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Tesla Motors Inc in search of a potential trend change.

Keywords: moving crosses tesla motors inc

Ticker(s): TSLA