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Can the Rally in Tesla (TSLA) Shares Continue?

Zacks Equity Research
Sanderson Farms (SAFM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Tesla, Inc. TSLA has been on the move lately as the stock has risen by 25.9% in the past four weeks, and it is currently trading well above its 20-Day SMA. This is a pretty solid move higher, but the question that has to be on investors’ minds right now is; can this trend continue?

While there can be no telling for sure, it is certainly encouraging that earnings estimates have risen in the past few weeks on the company, suggesting that sentiment on TSLA is moving in the right direction. In fact, the stock currently has a Zacks Rank #2 (Buy), suggesting that the recent run could certainly continue for this in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

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