Breaching $203.00 was quite serious and leaves the earnings report low, $193.41 on Feb. 19, as the last line in the sand, and then no visible means of support.
As you can see on the chart, breaking $193.41 leaves the way open to
Via Yahoo Finance
From MoneyBeat:Electric car maker Tesla Motors Inc.TSLA -2.79%, a poster child of the momentum stocks that have been hit hard recently, just tumbled below another big round number.
Tesla shares dropped below $200 on Monday for the first time since February, as the momentum that fueled the stock up more than sevenfold since early last year has waned in recent weeks.
Shares recently fell 4.3% to $194.96. The stock is down 26% from its all-time high of $265 hit on Feb. 26.
Tesla has been wrapped up in the big selloff of momentum stocks over the past several weeks, a drop that gained steam last week and dragged the broad indexes lower. Shares of once-highflying biotechnology and Internet companies have slumped sharply amid concerns that they became too expensive....MORE
