Tesla Inc.’s stock surged to a six-week high on Monday, climbing above two widely followed moving averages for the first time in weeks, in apparent defiance of an impending bearish technical event known as a “death cross.” The electric car maker’s shares TSLA, +4.37% ran up 4.4%, to close at the highest level since Oct. 31. They closed above the 200-day moving average for the first time since Nov. 1, and above the 50-day moving average for the first time since Oct. 18. The 200-day moving average is seen by many chart watchers as a dividing line between longer-term uptrends and downtrends. The 50-day moving average is viewed by many as a short-term trend tracker. The stock’s rally likely comes one day before the 50-day moving average crosses below the 200-day moving average, referred to many as a “death cross.” The idea is, the “cross” marks the spot that a shorter-term decline morphs into a longer-term downtrend.via