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Tesla Inc: The Losing Streak Continues (TSLA)

By Nick Russo

Shares of Tesla Inc (NASDAQ:TSLA) traded today at $195.25, breaking its 52-week low. Approximately 5.4 million shares have changed hands today, as compared to an average 30-day volume of 11.1 million shares.

There is potential upside of 55.8% for shares of Tesla Inc based on a current price of $198.82 and an average consensus analyst price target of $309.69. The stock should find initial resistance at its 50-day moving average (MA) of $262.34 and further resistance at its 200-day MA of $302.60.

Tesla Inc share prices have moved between a 52-week high of $387.46 and the current low of $195.25 and are currently at $198.82 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.1% while the 200-day MA has slid 0.6%.

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 recommended that its subscribers protect gains by selling shares of Tesla Inc on April 23rd, 2019 by issuing a Downtrend alert when the shares were trading at $260.68. Since that call, shares of Tesla Inc have fallen 18.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows tesla inc

Ticker(s): TSLA