Tesla Stock Flashes Sell Signal Day After Breakout

By | July 21, 2015

Scalper1 News

Just one session after staging a breakout, Tesla Motors (TSLA) is now in sell territory. UBS downgraded the maker of electric cars to sell from neutral and cut its price target on the stock to 210 from 220. Shares are currently trading in the 270 range. Tesla gapped down from a 10-month high in big volume in the stock market today, and was trading 5% lower in the afternoon. On Monday, shares cleared a 282.55 buy point from a long cup-with-handle Scalper1 News

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