Tuesday, August 6, 2013

Barchart.com's Chart of the Day - Tesla Motors (TSLA)

Barchart.com's Chart of the Day - Tesla Motors (TSLA)

The Chart of the Day is Tesla Motors (TSLA).  The stock was found at the top of the list when I sorted the New High List for Weighted Alpha which is now 402.15+.

You don't read much if you haven't heard of the founder Elon Musk. Tesla Motors, Inc. designs, manufactures, and sells electric vehicles and electric vehicle powertrain components. The Company is headquartered in Palo Alto, California.

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 19.93% in the last month
  • Relative Strength Index 71.86%
  • Barchart computes a technical support level at 137.83
  • Recently traded at 144.14 with a 50 day moving average of 113.98
Fundamental factors:
  • Market Cap %16.50 billion
  • Revenue projected to grow by 334.70% this year and an additional 25.00% next year
  • Earnings estimated to become profitable and increase by 99.10% this year, 3,466.70% next year  and continue to increase at an annual rate of 32.90% for the next 5 years
  • Wall Street analysts issued 3 strong buy, 4 buy, 4 hold and an under perform recommendation on the issue
  • Financial Strength B
This is a start up in an unproven industry so watch your moving averages very closely and maintain moving stop losses to protect profits.

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