Is It Time To Slam The Brakes On Tesla?

Loading...
Loading...

Technology stocks remained volatile over the last five trading days and ended the week with losses. Nasdaq Inc NDAQ lost more than 3% for the week.

On CNBC's "Options Action," Carter Braxton Worth said Tesla Inc TSLA “gapped up” after it announced its massive deal with Hertz HTZWW.

The stock is down 90% from its peak. “The question is do we fill that gap from the euphoric kneejerk reaction on October 25th on the Hertz news,” Worth said. “My hunch is yes,” he commented.

“If you fill that gap, buy some Tesla at $910. If you own Tesla now, sell it,” Worth commented.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Long IdeasShort IdeasMediaTrading IdeasCarter Braxton WorthCNBC
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...