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Tesla Led 8 Momentum Stocks Higher in 2013 (PCLN) ($1145.44) ended 2013 at $1162.40 with a buy rating, overvalued by 28.1%, a gain of 87.4% in 2013 and a P/E ratio of 30.3. The stock set its all-time intraday high at $1198.75 on Nov. 29. It is below its 21-day SMA at $1176.14 and above its 50-day and 200-day SMAs at $1136.34 and $929.54. The weekly chart is positive but overbought, with the stock just above its five-week MMA at $1145.17 with its 200-week SMA at $589.43. A close today below $1145.17 would be a warning that the stock was losing its momentum characteristics. Semiannual, quarterly and annual value levels are $1113.17, $1010.25 and $925.01 with quarterly and monthly risky levels at $1192.75 and $1309.95.

Tesla ($150.10) ended 2013 at $150.43 with a hold rating, overvalued by 21.8%, and a gain of 344.1% in 2013, after trading to an all-time intraday high as $194.50 on Sept. 30. After declining to $116.10 on Nov. 26, Tesla then returned to momentum status in mid-December, with a high at $158.00. The stock is above its 21-day, 50-day and 200-day SMAs at $146.04, $145.23 and $122.64. The weekly chart is positive with the stock above its five-week MMA at $146.71. My quarterly value level is $142.81 with a monthly risky level at $232.64. Tesla became a publicly traded company in July 2010, and thus does not have enough price history to calculate semiannual and annual levels from my proprietary analytics.

At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Richard Suttmeier is the chief market strategist at He has been a professional in the U.S. Capital Markets since 1972, transferring his engineering skills to the trading and investment world.

Suttmeier has an engineering degree from Georgia Tech and a Master of Science degree from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. He became the first long bond trader for Bache in 1978, and formed the Government Bond Department at LF Rothschild in 1981, helping establish that firm as a primary dealer in 1986. This experience gives him the insights to be an expert on monetary policy, which he features in his newsletters, and market commentary.

Suttmeier's industry licenses include, Series 7 and Registered Principal (Series 24). He has been the Chief Market Strategist for since 2008 and often appears on financial TV.

Click here for details on Suttmeier's "Buy and Trade" investment strategy.

Richard Suttmeier can be reached at
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