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Tesla Motors Inc Crosses Below its 10-day MA (TSLA)

By James Quinn

Today, shares of Tesla Motors Inc (NASDAQ:TSLA) have crossed bearishly below their 10-day moving average of $228.15 on a volume of 945K 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.

In the past 52 weeks, shares of Tesla Motors Inc have traded between a low of $141.05 and a high of $286.65 and are now at $226.93, which is 61% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.8%.

SmarTrend recommended that subscribers consider buying shares of Tesla Motors Inc on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $223.14. Since that recommendation, shares of Tesla Motors Inc have risen 3.1%. We continue to monitor TSLA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses tesla motors inc

Ticker(s): TSLA