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Market Extra: Tesla’s stock is the most overbought in nearly 2 years – Vested Daily

Market Extra: Tesla’s stock is the most overbought in nearly 2 years

Tesla Inc.’s stock chart suggests that bulls may be running out of breath after a record-long win streak, which could spell trouble for the stock in the near term.

The electric vehicle giant’s stock TSLA broke its previous win-streak record on Monday, then stretched it to 13 straight sessions on Tuesday. On Wednesday, the stock was in danger of snapping that streak, as it slipped 0.7% in afternoon trading.

The…

This post was originally published on Market Watch

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