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TSLA

Tesla

$335.07

0.61 (0.18%)

15:12
07/31/17
07/31
15:12
07/31/17
15:12

Technical View: Tesla has a large-scale potential bearish pattern

Trading the stock on a technical basis has often proven difficult in the past. Bearish patterns have often been broken just as they looked likely to trigger. With that proviso in mind there is another potential pattern to be aware of that is relatively close to its trigger point. The pattern began forming in April of this year. At time of writing the shares were at $323.24. The trigger point, neckline, for a large scale potential bearish head and shoulders is at the $314 area. If the pattern became active on a move below $314, downside potential would be to the $240 area. A move back above the right shoulder at $348 or higher would void the pattern.

  • 02

    Aug

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    Aug

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    Oct

TSLA Tesla
$335.07

0.61 (0.18%)

07/26/17
BARD
07/26/17
NO CHANGE
Target $368
BARD
Outperform
Tesla weakness after Q2 report would be buying opportunity, says Baird
Baird analyst Ben Kallo previewed Tesla's Q2 results, noting investors will be focusing on demand commentary. The analyst believes the shares could move higher heading into the company's Model 3 event and fall on its Q2 results next Tuesday. Kallo, who would use any post-earnings weakness as a buying opportunity, reiterated his Outperform rating and $368 price target on Tesla shares.
07/26/17
UBSW
07/26/17
NO CHANGE
Target $185
UBSW
Sell
Tesla has risks around quality, servicing, charging needs, says UBS
UBS analyst Colin Langan said the Model 3 media event for Tesla on July 28 is key to maintaining its hype and a positive media reaction is important. The analyst believes the stock's recent run is due to the company maintaining its production schedule and its sales assumptions, which put them in line with BMW's. Langan remains cautious on the company's earnings and cash burn and reiterated his Sell rating and $185 price target on Tesla shares.
07/20/17
07/20/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tesla (TSLA) initiated with a Neutral at Citi. 2. Johnson & Johnson (JNJ) reinstated with an Outperform at Credit Suisse. 3. Tile Shop (TTS) initiated with a Hold at Loop Capital. 4. Spring Bank Pharmaceuticals (SBPH) initiated with an Overweight at Cantor. 5. Discovery (DISCA) and Scripps Networks (SNI) were initiated with a Market Perform at Wells Fargo. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/20/17
SBSH
07/20/17
INITIATION
Target $357
SBSH
Neutral
Tesla initiated with a Neutral at Citi
Citi analyst Itay Michael started Tesla shares with a Neutral rating and $357 price target. The shares closed yesterday down $2.98 to $325.26. The analyst is positive on Tesla's position as the "Car of the Future leader," and thinks upside from current levels could "still be significant," but he prefers to wait for a better entry point. Michael would like to see a stronger balance sheet or "convincing signs of a smooth Model 3 ramp with limited Model S cannibalization" before getting more positive on the shares. Both the bull and bear cases on Tesla shares "carry some merit," the analyst tells investors in a research note.

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DSW

DSW

$18.92

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AVGO

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