Short-Sale Set Up - Revisiting Tesla Motors (TSLA) 2/29/16
Telsa Motors (TSLA) was one of our most successful short-sale set-ups in 2015. After an extended decline into the mid-February lows, the stock has rallied all the way up to its 50-day moving average at 196.92. This brings it back into a shortable position, using the 50-day line as a guide for a tight upside stop. If the stock continues higher, then the 200-day at 231.68 would be the next reference point for potential overhead resistance.
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