Tuesday, December 9, 2014

Tesla Motors, The Quiet Crash: "Next Stop $165?" (TSLA)

$209.78 down $4.58.

From Barron's Stocks to Watch:
Yesterday, the folks at Bespoke Investment Group said that Tesla Motors (TSLA) was heading to $200. Today, Orips Research’s Zev Spiro warned that the upstart automaker is heading for $165. He explains why:
An October 28th report on Tesla Motors,
Inc. discussed an extremely cautious intermediate outlook. In September, the end of an intermediate uptrend was signaled via a break below the bullish support line that began in November 2013. The break signaled a shift in the intermediate trend from positive to neutral. Moreover, the report depicted the development of the right side of a bearish head and shoulders topping pattern that began in June....MORE
Most recent posts:
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Real or Fake Elon Musk Tweet: You Decide (TSLA)
UPDATED--Tesla Jumps 3% on Cryptic Musk Tweet (TSLA)
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Tesla Up Another 5%, The Case For $400 Shares (TSLA)
The price targets will keep going up until the stock stops.
Up $13.18 (4.89%) at $282.88. New all-time high $284.89....
That gets us back to Sept. 2. As you can see not a whole lot going on.