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Tesla Motors Inc Bullish Moving Average Crossover Alert (TSLA)

By Nick Russo

Tesla Motors Inc (NASDAQ:TSLA) crossed over its 10-day moving average of $209.34 on a volume of 2.2 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Tesla Motors Inc share prices have been bracketed by a low of $141.05 and a high of $286.65 and are now at $212.56, 51% above that low price. The 200-day and 50-day moving averages have moved 0.4% lower and 1.84% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Tesla Motors Inc on May 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $239.01. Since that call, shares of Tesla Motors Inc have fallen 14.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses tesla motors inc

Ticker(s): TSLA