Tesla stock rose on Tuesday after forming a new “death cross.” Shares of the electric vehicle maker closed up 0.7% at $254.11, while the S&P 500 and Dow Jones Industrial Average dropped 0.2% ...

told BI this week that investors shouldn't be too freaked out. That's because the historical returns following past death cross signals in the stock market have actually been pretty positive.

Tesla stock flashed a bearish "death cross" signal on Monday. The indicator was triggered by the stock's 50-day moving average falling below the 200-day. Shares have been volatile, down roughly 50 ...