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Tesla Rides Again (TSLA): New Highs Approaching

This post was originallypublished on September 14, 2017 in the Finance Trends Newsletter. Sign up to join our email list - you'll receive exclusive updates and market insights, plus the best of our website and social media content.

Tesla Inc. (TSLA) shares, which closed at $377.64 today, are trading just below their 52-week high.

A move above $387 would mark a new all-time high for the stock. That means no overhead price resistance, only the potential for blue skies above.

Here is a monthly chart (log scale, click to enlarge) that goes back to Tesla's IPO in 2010. It shows the stock's full trading history, including the breakout move from $40 to $290 in 2013 - 2014.



The weekly chart below shows Tesla's recent breakout (from a long 3-year trading range) above $300 and the run up to its highs above $386.

If TSLA can hold these gains and advance an additional 4%, the stock will be trading at a new all-time high. $387 is the magic number here.



Tesla CEO, Elon Musk spar…

The Most Popular Posts on Finance Trends: Readers Choice

Welcome to our new readers across the globe. Be sure to check out our popular posts section, filled with market insights and valuable lessons for traders and investors of all levels!

Great starting point for new readers and traders: a selection of our most Popular Posts on Finance Trends.


You'll find a newly expanded list of some of our favorite posts, with insights into emerging market trends. Plus, lessons on trading and investing from the masters: Market Wizards such as Paul Tudor Jones, Jesse Livermore, William O'Neil, Victor Sperandeo, Charlie Munger, and Sir John Templeton offer up their hard-earned wisdom. 

Equally as important, I hope you'll use our favorite posts to learn from the trading insights offered up by myself and some of the lesser-known (but no less experienced) trading practitioners quoted within. 

I have spent years and countless hours researching stocks, scanning charts, speaking with fellow traders, and poring through libraries of information in order to…