Tesla Motors Hits Double Top, Likely Going To $300

Tesla Motors Inc (NASDAQ:TSLA) slammed into a major double top today. While the stock will have resistance here, it is likely headed above $300 before a long term top. Having said that, I will not buy it, instead wait to short it above $300 per share. Patience is a traders best friend. Cheers!

Gareth Soloway
Chief Market Strategist
InTheMoneyStocks.com