Tesla Leads Five Stocks To Watch At Intersection Of Cars And Technology

CES is just a couple of weeks away, where the latest and greatest car technology is expected to be a hot topic. Your stocks to watch this week are five names that are focusing business efforts on the intersection of cars and technology: Tesla ( TSLA ), Intel ( INTC ), Fiat Chrysler ( FCAU ), General Motors ( GM ) and Ford ( F ).


[ibd-display-video id=3030876 width=50 float=left autostart=true] After retaking both the 50-day and 200-day lines on Dec. 11, Tesla is now working on a new consolidation base with a 389.71 buy point. Shares still have a long way to go: Tesla sank0.4% to 342.20 on the stock market today .

Tesla's retaking of the 50-day in strong volume could be a buying opportunity for aggressive traders, though the stock is 4% above that support level.


Intel shares are closing in on a flat base buy point of 47.40. Intel shot up 3.9% to 46.28 on Monday, the Dow's best performer for a second straight session. Intel rose 3% to 44.56 on Friday, rebounding strongly from the 50-day line.

Intel is active in autonomous driving, especially since its Mobileye acquisition. Intel/Mobileye is part of several notable self-driving alliances.

Fiat Chrysler

Fiat Chrysler jumped 3.4% to 18.21 Monday, about 1% below a buy point of 18.43 in a flat base. Shares have been finding support at the key 50-day moving average.

General Motors

General Motors is looking to form a flat base with a 46.86 buy point. But shares have been retreating, falling Thursday to their lowest level since Sept. 29. Shares rose 2.9% to 42.15 Monday. Depending on how the stock trades in the coming days and weeks, the pattern could turn into a double-bottom base , with the buy point being 10 cents above the middle peak of 45.35.


Ford is trading in range from a saucer-with-handle entry point at 12.55, retaking that entry on Friday. Ford rose 0.6% to 12.66 Monday.

The stock was able to find support at the 50-day moving average before clearing the entry point in strong volume in late November. Ford shares are trading well below their all-time highs, so this could be considered a bottoming base.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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