01Jun1:03 pmEST
Choose Darjeeling Over Coffee
Tata Motors Limited, auto maker out of Mumbai, India, is surging this week after earnings.
On the weekly chart, below, note the potential for TTM to have just confirmed a sizable bottom since last summer, so long as $31.40 now converts into newfound support, below.
Also note the extreme outperformance of TTM this week versus other auto makers like Ford, GM, even TSLA. This market sure seems to be full of names flying under-the-radar, amid flattish indices and even sectors.
So while many eyes seem glued to TSLA, and are always watching F and GM, perhaps some relative outperformance from TTM this summer would make sense.
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