Playing Both Ways on Tesla

Tesla Motors (TSLA) has been one of the darlings of 2013, up nearly 400%. I'm not going to sit here and say the top is in. That's too hard of a call, although the chart does look a bit toppy, but just a bit. In fact, the price pattern on Tesla looks more neutral than anything at the moment. Under $160, and this looks like death, while a move over $185, and she could be off to the races testing new highs.

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The underlying indicators are a tad bearish as the Commodity Channel Index is under -100. I believe we will break one of these in the fourth quarter, so I am looking to play it in both directions, since I don't know which one will give way....270 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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