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Tesla Inc Set to Possibly Rebound After Yesterday's Selloff of 4.34%

By Nick Russo

Tesla Inc (NASDAQ:TSLA) traded in a range yesterday that spanned from a low of $218.39 to a high of $229.50. Yesterday, the shares fell 4.3%, which took the trading range below the 3-day low of $225.25 on volume of 6.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Tesla Inc share prices have been bracketed by a current low of $218.39 and a high of $387.46 and are now at $218.47. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.6%.

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

Keywords: rebounders tesla inc

Ticker(s): TSLA