April 9, 2014 (Chinavestor) We continue to monitor volatile, hot NASDAQ listed technology stocks. As a result, today's little change from Tesla Motors (NASDAQ:TSLA) started us to wonder what's happening.
For the record: Tesla Motors (NASDAQ:TSLA) is trading at $212.75 at 11:00 A.M., down $2.73 from yesterday close. This move, a mere 2.7 points, has been highly unusual for this explosive stock.
We have witnessed Tesla's slide from $260 to under $210 in a month. Then the stock experienced a highly volatile session last week, jumping over $10 points a day on average.
Then Tesla Motors (NASDAQ:TSLA) opened at $205.81 on Monday, a low for the examined period and has been trading relatively quietly.
The overall trend is similar to Netfix Inc. (NASDAQ:NFLX), a stock that slipped as much as 23.5% amid Apple Inc's (NASDAQ:AAPL) upcoming TV service.
We are of a view that both stocks have a chance to make a break out, should market sentiment improve.