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The Steady Trader's Serge Berger On Tesla Trading Down: Momentum Stocks Have Traded In 'Lackluster' Way For Weeks

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Speaking to Benzinga, The Steady Trader’s Head Trader Serge Berger said that Tesla Motors Inc (NASDAQ: TSLA), along with other momentum stocks like Facebook Inc (NASDAQ: FB) and Twitter Inc (NYSE: TWTR), have traded in a “lackluster” way for weeks.

He went on to further say that those stocks are showing relative weakness vs. the broader market. Berger isn’t sure there is any news or fundamental views for Tesla and that the “stock is just tired for now.”

A tweet came out from Tesla's Twitter account Tuesday night that said a Consumer Reports survey found 98 percent of Model S owners would buy it again.

Brianna Valleskey contributed to this report. 

Posted-In: Serge BergerTechnicals Exclusives Trading Ideas

 

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