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Tesla Motors Inc Bullish Moving Average Crossover Alert (TSLA)

By Amy Schwartz

Today, shares of Tesla Motors Inc (NASDAQ:TSLA) have crossed bullishly above their 10-day moving average of $227.35 on a volume of 717K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher 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 $228.47, 62% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has slid 0.4%.

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

Keywords: moving crosses tesla motors inc

Ticker(s): TSLA