Short-Sale Set Up - TSLA update 8/20/15

Published : August 20 2015 at 9:06 ET
Short-sale target Tesla Motors (TSLA) reversed yesterday right at the 50-day moving average. Near-term we look for a downside objective of 232.74, the low of seven trading days ago. In a prolonged market decline, however, the stock could go much lower. The 50-day moving average plus 2-3% of upside porosity remains the primary guide for an upside stop on any short position taken yesterday morning when our SSS report on the stock was released.

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