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Shares of Tesla Inc Fall Below Previous 52-Week Low

By Nick Russo

Tesla Inc (NASDAQ:TSLA) traded today at a new 52-week low of $221.20. Approximately 3.8 million shares have changed hands today, as compared to an average 30-day volume of 11.1 million shares.

Tesla Inc has overhead space with shares priced $222.25, or 28.2% below the average consensus analyst price target of $309.69. Tesla Inc shares should first meet resistance at the 50-day moving average (MA) of $263.64 and find additional resistance at the 200-day MA of $303.03.

In the past 52 weeks, Tesla Inc share prices have been bracketed by a current low of $221.20 and a high of $387.46 and are now at $222.25. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.6%.

Tesla Inc. designs, manufactures, and sells high-performance electric vehicles and electric vehicle powertrain components. The Company owns its sales and service network and sells electric powertrain components to other automobile manufacturers.

SmarTrend is tracking the current trend status for Tesla Inc and will alert subscribers who have TSLA in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows tesla inc

Ticker(s): TSLA