Veteran trader David Green mentioned the strength of Tesla Inc (NASDAQ: TSLA) Monday morning. The stock opened somewhat up, around $700 a share, and continued to climb throughout the early morning, hitting $726 around 11 a.m. ET.
Green pointed out the strong pattern in Tesla’s, stock which he believed the strength could continue on Tuesday.
“I think best-case scenario, we might see $770,” Green said about Tesla’s stock.
Green put a buy order out for Tesla at $719. He primarily carries out quick day trades, utilizing technical analysis and pivot points.
Live Trading With David Green is an early morning trading show in which David live trades the open on Benzinga. The show airs Monday-Wednesday at 9:25 a.m. ET on BenzingaTV.
Stocks Talked About On The Show
Green also discussed GameStop Corp. (NYSE: GME), stating he liked the $157.50 level for an area to make a fast day trade. Green put a buy order out for $157.50, and the stock increased to $161 before coming back down.
“If GameStop comes down here (to $157.50), it’s a buy,” Green stated.
He likewise discussed Advanced Micro Gadget (NASDAQ: AMD) and Square Inc (NYSE: SQ).
Square’s stock increased more than 10% in Monday’s trading hours. Green kept in mind he was brief Square if the stock continued to increase, saying that the stock was getting too far from its moving average.
Green put out both purchase and sell orders for AMD, playing the stock on both sides.
Green mostly performs quick day trades, both on the long and short side. When a stock hits one of his pivot points he starts a buy order with a tight stop loss.
See also: How to Purchase GameStop(GME)Stock Watch the
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About The Program: Benzinga’s Wall Street Global Trading Academy follows Wall Street Veteran David Green as he live trades at the marketplace open breaks down what he is trading today. The program streams live Monday-Wednesday at 9:25 am ET on Benzinga’s Youtube, Twitter, and Twitch.
About The Host
David Green is a 30-year veteran of Wall Street, consisting of 13 years as a specialist on the flooring of the New York Stock Exchange. Given that retiring from the flooring, Green invests his time assisting retail traders. Green developed a full-fledged trading course, Wallstreet Global Trading Academy, with fellow floor trader Peter Tuchman. To get more information about the course, click here or follow it on Facebook.