Friday, May 23, 2014

"Tesla: Playing Ping Pong with the Moving Averages" (TSLA)

From Barron's:
Tesla’s given investors a wild ride this year.

Tesla’s shares had gained as much as 69% this year in March, before dropping as much as 28% since its high courtesy its earnings report. Now, as this chart shows, it’s bouncing between its 50- and 200-day moving averages:

The stock is up 1.1% at $207.14.