The Chart of the Day belongs to Tesla Motors (TSLA). I found the stock by sorting the All Time High list for the highest Barchart technical buy signals, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 8/1 the stock gained 20.54%.
Tesla Motors, Inc. designs, manufactures, and sells electric vehicles and electric vehicle powertrain components.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 10 new highs and up 20.54% in the last month
- Relative Strength Index 76.59%
- BArchart computes a technical support level at 270.51
- Recently traded at 281.19 with a 50 day moving average of 240.56
Fundamental factors:
- Market Cap $34.89 billion
- Revenue expected to grow 56.00% this year and another 56.80% next year
- Earnings estimated to increase 37.20% this year an additional 213.10% next year and continue to increase at an annual rate of 49.60% for the next 5 years
- Wall Street analysts issued 3 strong buy, 6 buy, 6 hold and an under perform recommendation on the stock
We just may be near the top on this one. Watch the 50 day moving average as a caution signals and exit at the 100 day moving average.
No comments:
Post a Comment