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Tesla Inc Bearish Moving Average Crossover Alert (TSLA)

By Amy Schwartz

Today, shares of Tesla Inc (NASDAQ:TSLA) have fallen below their 10-day MA of $294.11 on a volume of 2.2 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.

Tesla Inc share prices have moved between a 52-week high of $387.72 and a 52-week low of $178.19 and are now trading 64% above that low price at $291.86 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.8%.

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

Keywords: moving crosses tesla inc

Ticker(s): TSLA