Friday, January 15, 2016

Tesla TSLA Rebounds From Trip Under $200, But Will It Hold?

Tesla Motors Inc TSLA shares are trading higher by $5.90 at $206.32 in Thursday's session. While the broad market attempts to stabilize above its Flash Crash low, the same cannot be said for Tesla.

On that chaotic day in August, the issue bottomed at $195 and rebounded to end the session at $218.87. By mid-September, it was back within striking distance of its all-time high ($291.42), but the rally stalled at $271.57.

In today's session, Tesla surpassed that low, reaching $193.38 before rebounding back to its current level.  (more)

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