Tesla shares rise 3.8% to break above 200-day moving average
TSLA Tesla Inc
$379.78 +0.46%
View chart & analysis → - 1Tesla shares rose 3.8% this afternoon to trade at 406.51.
- 2Rocky White noted that following 10 crossover events over the past 10 years, Tesla shares were higher one month later in 80% of cases.
- 3Of 39 brokerage firms, 25 maintain hold or sell ratings.
So what's the key point?
Tesla shares rose 3.8% and crossed a key technical line. This is drawing attention because, in similar past situations, the stock price has often been higher one month later.
Source Schaeffer's Research · View original ↗
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