An auto and truck manufacturer that's trading within range of a major breakout is Tesla Motors (TSLA), which designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. This stock is off to a hot start in 2012, with shares up over 20%.
If you take a look at the chart for Tesla Motors, you'll notice that this stock has been uptrending strong since a large spike lower in January. During this uptrend, shares of Tesla Motors have been making mostly higher lows and higher highs, which is bullish price action. Now the stock is trading within range of triggering a big breakout that could push the stock into all-time high territory.
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