TSLA Falls 7 Percent-Sets Up Buy | Stocks to Trade 9-25-17

TSLA-TESLA Buy Setup

Tesla shares suffer their worst losing streak in months

Shares of Tesla Inc. notched their longest losing streak in more than two months, down for a fourth straight session and ending the week off  7.6%. The stock was the second-worst performer on the Nasdaq-100 NDX, -0.04% on Friday, suffering its lowest close in two weeks. Over the four-day losing stretch, shares fell more than 7%, tipping the stock to monthly losses of more than 1%.

Tesla TSLA, -4.20% shares on Monday closed at a record $385, supplanting a previous all-time close of $383.45 in June. On Tuesday, analysts at Jefferies started their coverage on the stock, siding with the bears: They rated the shares their equivalent of sell and forecast the company to lose money at least until 2020, one year past what other analysts have predicted for Tesla.

marketwatch.com/tesla

Tesla wants to build ‘mega supercharging’ stops that sell food and coffee

Tesla wants to take the tedium out of the charging experience by turning its stops into convenience stores. Tesla owners already have it pretty good when it comes to juicing up their vehicles. Customers can drive to one of the companies’ many Supercharger stations and be back on the road in just 30 minutes.

Most electric-car owners need to set aside at least an hour, making an overnight charge in the garage the best option. Still, 30 minutes is a long time for anyone who is used to the convenience of a gas station. That’s why the company wants to build new Superchargers […]

businessinsider.com/tesla-superchargers

Funding Tesla Annoys Automakers That Need Electric Car Credits

Tesla Inc. has generated nearly $1 billion in revenue the last five years from an unlikely source: Rival automakers. Needless to say, the other companies aren’t happy. California requires that automakers sell electric and other non-polluting vehicles in proportion to their market share.

If the manufacturers don’t sell enough of them, they have to purchase credits from competitors to make up the difference. Tesla, which exclusively sells battery-powered models, sold $302.3 million in regulatory credits last year alone.

bloomberg.com/funding-tesla

TSLA Tesla Chart 9-25-17

TSLA Tesla Chart 9-25-17

Trading Education

Trade of the Day | 9-25-17​

TSLA-Tesla Stock Price

TSLA-Tesla Stock Price

TSLA-Tesla stock price traded into a saturation play on Friday and sets up a buying opportunity today. Game planning a lower opening, off the opening price, which means the first momentum of the day expected to be lower and then find a bottom top bid for a new swing trade long.

Looking to begin building a one-third position using a $345 limit order to buy, with the remainder of the trade using a $343 limit order. Stop loss on a close below $338. Target to sell the new swing trade long comes in at $382.50

SPY ETF Chart 9-25-17

SPY ETF Chart 9-25-17

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HEADLINES

Stocks to Trade | Monday Edition 9-25-17

SHORT-TERM MOMENTUM

Bullish Momentum: JUNO, FSLR, SLCA, LRCX, KSS, HTZ

Bearish Momentum: exel, tsla

ORDER FLOW

Bullish Order Flow: XLNX, PSX, CVX, KSS, VLO, LYB, AABA, LRCX, DLTR, MCHP, TTWO, ADI, BIDU, HD, BABA, MAR, BA, MA, ABBV, CELG,

PNC, KITE, UNP, BZUN, CAT, AMGN

Bearish Order Flow: x, khc, gis, k, dis, mnk, ual, agn, efx

Double Normal Volume: EFX, EXEL, JUNO, FSLR, UNH, NLNK

Inside Days: intc, mu, baba, nvda, jpm, ko, bbby, ms, nflx, bmy, momo, ctsh, tgt, dhi, cf, axp, mcd, unp, mos, cof, trip, aaoi

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