Tesla Motors Inc. Lower For Fifth Day In A Row

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  • Has declined from its September 24 close ($263.12) to the $240 area.
  • Reaction to  Model X roll out was not overwhelmingly bullish.
  • Posted modest gain on Tuesday rallying from $246.65 to $248.40.
  • After lower open, found resistance just above the close at $248.50.
  • Ensuing decline has taken the issue to $237.13, before rebounding to the $240 area.
  • Current low coincides with its September 1 low ($236.97).
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