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

By Shiri Gupta

Today, shares of Tesla Motors Inc (NASDAQ:TSLA) have fallen below their 10-day MA of $198.88 on a volume of 1.0 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Tesla Motors Inc share prices have moved between a 52-week high of $286.65 and a 52-week low of $141.05 and are now trading 41% above that low price at $198.77 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 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