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MarketEdge Raises TSLA to Strong Buy

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)
Exchange: NMS
Close as of week ending
4/5/2013
Opinion LONG Date Opinion Formed 04/08/13 Price Opinion Formed 41.37
Score 0 C-Rate 0.0 UPGRADED

Recommendation
Stock is a Strong Buy.

Comment
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

I should amend that to read "MarketEdge/Second Opinion" to emphasize that it is based on technical analysis.

Previously MarketEdge had upgraded TSLA from Sell to Neutral on March 22 which was reiterated on March 28.

Thanks for the info Curt. I bought my shares about 5 weeks ago avrg. price of $35.90
I have lot's of faith in Tesla. Hope to be able to pay for my Gen 111 EV in 3 to 4 years
Check out Green car reports & Gizmag.com Lots of good info on EV's & green technology


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