Tesla: A Stock on the Rise

Schaeffer's Investment Research
  MAY 14, 2013 3:08 PM

The maker of electric vehicles has seen enormous outperformance on a year-to-date basis and healthy annual sales growth.

 


Today’s chart is of Tesla Motors, Inc. (NASDAQ:TSLA), which designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components.


Click to enlarge

What I Am Looking At:
Strategy:  Due to the current parabolic rise, I cannot determine a solid entry spot at this time until the price action consolidates.

This article by Tony Venosa, CMT, was originally published on Schaeffer's Investment Research.

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