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Buy Pick of the Day: Tesla Motors (TSLA)
Analysis: Tesla Motors looks like a very nice position to be holding right now even with market volatility. The stock has shown some pretty good strength with its latest earnings report that came out quite bullish. The company grew revenue, beat EPS expectations, and commented that the Model S is on schedule and has seen a lot of orders already come its way. The company looks ready to make some major moves to the upside in the near-term as the stock looks very close to a breakout with a large amount of short interest.
The company looks like it could breakout to the upside with a movement above 28.00. With 30% short interest, any major push higher would be a major short squeeze on TSLA.
Entry: We are looking to get involved with TSLA for 50% position at 27.20 – 27.40
Exit: We are looking to exit TSLA at 28.00 per share.
Stop Loss: Mental stop loss.
Timeline: Midterm Trade.
Oxen Entry: 27.31.
Good Investing,
The Oxen Group
