Submitted by Curt Renz on April 6, 2013
Effective Monday, MarketEdge will be raising TSLA to a strong buy.
The following is from the MarketEdge commentary within my TD Ameritrade account:
Second Opinion® Weekly - TESLA MOTORS (TSLA)
Close as of week ending
Opinion LONG Date Opinion Formed 04/08/13 Price Opinion Formed 41.37
Score 0 C-Rate 0.0 UPGRADED
Stock is a Strong Buy.
Moving Average Convergence/Divergence (MACD) indicates a Bullish Trend.
Chart pattern indicates a Weak Upward Trend.
Relative Strength is Bullish.
Up/Down volume pattern indicates that the stock is under Accumulation.
The 50 day Moving Average is rising which is Bullish.
The 200 day Moving Average is rising which is Bullish.
Look for Support at 35.96
Stock broke Double Top (Bullish) Point & Figure Chart Formation Last Week