All articles tagged with #moving average
Originally Published 1 year ago — by Yahoo Finance
Palantir Technologies Inc. (PLTR) recently broke out above the 50-day moving average, indicating a short-term bullish trend. With shares up 33.4% over the past four weeks and a Zacks Rank #2 (Buy) stock, the company's positive earnings estimate revisions further strengthen the bullish case, making it a stock to watch for potential gains in the near future.
Originally Published 2 years ago — by CoinDesk
Bitcoin's recent 11% price pullback has led analysts to focus on its 50-day simple moving average (SMA), currently at $27,244, as a potential violation of this support level would challenge the bullish market sentiment. A break below this could call into question the bull market's strength, while a consolidation below $26,600 could lead to a more profound decline. However, if the SMA continues to hold ground, a new leg higher consistent with the broader bullish outlook will likely resume.