How to Handle Tesla’s “Death Cross”
Shah Gilani|May 27, 2022
Tesla stock losses topped $575 billion this Tuesday and investor patience is wearing thin. That’s a near 50% drop since last November when stock values peaked at over $1 trillion.
Sorry to the Tesla fans out there, but this isn’t a sign to buy in. This isn’t a quality stock on sale. It is a stock heading into dangerous territory. TSLA’s 50-day moving average is inching closer and closer to its 200-day moving average, and soon we could be looking at a “death cross.”
Ditch this stock before the weekend and replace it with the real quality stocks that I discuss in today’s Buy, Sell, or Hold.
Watch the video below.
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