Short-Sale Set Up - TSLA 8/25/15

Published : August 25 2015 at 8:31 ET
AS we discussed yesterday before the open, using the gap-down capitulation move at the open to cover short positions, namely in TSLA which reached a low of 195, nearly 30% below where we recommended the stock as a short in the 260 area early last week. The stock is now rallying up to its 200-day moving average, which brings it back into shortable range using the line as a guide for an upside stop.

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