Tesla In. (TSLA) is one of the "fast money" stocks trading on the NASDAQ. While it may not be an official member of the FAANG (Facebook, Amazon, Apple, Netflix, & Google) stocks, it sure trades like one. On 30-May-2017, we analyzed and discussed Tesla's stock trading pattern and came up with a trading strategy that would work for the bulls or the bears. The stock was trading at $325.14 and we identified $327.00 as a breakout level. If the shares traded above $327, one should buy the stock. If on the other hand, the share price breaks below $290, the stock might be breaking down. This would give a sell signal to the bears. If one owned the stock, they should certainly sell it and if they wanted to position for lower prices, they could sell a call spread or buy a put spread.
