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Tesla's stock rises back above the 200-day, but that’s not the long-term buy signal bulls are waiting for. Here’s why.

Por: MarketWatch Business November 06, 2023

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On Friday, that stock closed at $219.96, above the 200-DMA, which extended to $219.06. On Monday, the stock rallied 1.6% in premarket trading, while the 200-DMA ticked up to $219.49. Many view the 200-DMA as a guide to the longer-term trend. So while Friday’s rise back above it is certainly a positive technical development, the bullish effects are still likely to be just shorter-term in nature. Tesla’s stock bulls reclaim the 200-day moving... + full article



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