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....MOREMost recent posts:
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The price targets will keep going up until the stock stops.That gets us back to Sept. 2. As you can see not a whole lot going on.
Up $13.18 (4.89%) at $282.88. New all-time high $284.89....
