US Nasdaq stock alert

USA

CLOSING UPDATE: Tesla increased further 0.8% on firm volume 24 July 2017 17:53 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's NASDAQ market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Tesla, NASDAQ's largest auto company by market capitalisation, traded on heavy volume of 1.3 times average today while the price climbed $US14.12 (or 4.3%) to trade at $US342.52. Compared with the NASDAQ-100 Index which rose 9.5 points (or 0.2%) in the day, this represented a relative price increase of 4.1%.

Technical indicators complementing today's significant uptrend:

+ The stock has outperformed 86% of the NASDAQ market over the past 6 months.

+ In the last three months the stock has hit a new 52-week high sixteen times, pointing to a significant uptrend.

+ The present value of USD1,000 invested one year ago is $US1,541 [vs $US1,273 for the NASDAQ-100 Index].

Note

Tesla today is at a discount of 11.5% to the 12-month high of $US386.99 on 23 Jun, 2017. It is at a premium of 92.2% to the 12-month low of $US178.19 on 14 Nov, 2016.

Bearish Signals:

The negative 5.24 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

The price plummeted 10.5% in the last month.

Tobin's Q Ratio is 2.5. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Sales of 6.6 [2.4]

Price to Book of 12.8 [7.2]

TODAY'S ALERTS

Afternoon Alert: Tesla lifts 3.4% on robust volume

24 July 2017 13:30 EDT

Tesla, Inc. (NASDAQ:TSLA) traded on heavy volume of 1.5 times average so far today while the price lifted $US11.29 (or 3.4%) to trade at $US339.69.

Morning Alert: Tesla lifts 3.2% on firm volume

24 July 2017 11:01 EDT

Tesla, Inc. (NASDAQ:TSLA) traded on heavy volume of 1.3 times average so far today while the price lifted $US10.44 (or 3.2%) to trade at $US338.84.

RECENT ALERTS

CLOSING UPDATE: Tesla recovers 0.2% - underperforming 94% of stocks

21 July 2017 17:53 EDT

Tesla, NASDAQ's largest auto company by market capitalisation, has decreased $US1.52 (or 0.5%) today to trade at $US328.40 and has underperformed 94% of the market in the past month. Compared with the NASDAQ-100 Index which rose 0.3 points (or 0.01%) in the day, this represented a relative price change of -0.5%.

Morning Alert: Tesla decreases 0.6% - underperforming 94% of stocks

21 July 2017 11:08 EDT

Tesla, Inc. (NASDAQ:TSLA) has decreased $US2.13 (or 0.6%) today to trade at $US327.79 and has underperformed 94% of the market in the past month.

Tesla, Inc. (O:TSLA)

ISIN: US88160R1014

PermID: 4297089638

CIK: 1318605

CUSIP: 88160R101

Source: www.BuySellSignals.com