• Number of infected people in the US is rapidly increasing
• TESLA share price soared
S&P500 (US500) is trading in the middle of the consolidation zone between 2395.3 pts and 2648.0 pts. Only a strong break through any of these two levels can lead to more rapid price action. Until then traders should expect more sideways movement. Source:xStation5Tesla (TSLA.US) – stocks rose more than 17% after hours trading on the news the company delivered 88,400 vehicles during the first quarter, up 40% from a year ago. The figures came above market expectations of 79,900. However the company did not comment how the coronavirus outbreak might impact sales in the future.
Tesla (TSLA.IT) – share price soared today and managed to break above the downward trend line. At the moment price is testing the local support at $490.14 per share. In case the current sentiment prevails, price may move towards next resistance level at $530.51. Local support can be found at $430.25. Source:xStation5Constellation Brands (STZ.US) – the producer of Corona and other beer and spirit brands reported better than expected quarterly earnings of $2.06 per share, beating the consensus estimate of $1.65 a share. Revenue also came in above forecasts. The company will not provide any full-year guidance due to the spread of the coronavirus pandemic.
Constellation Brands (STZ.US) share price went up based on positive earnings report. Stock reached the key resistance area today at $128.34 per share. Should a break above this level occur, upward move may accelerate. However if the bears regain control on the market then the share price might be heading towards $117.20 support zone. Source: xStation 5This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
