Just when you thought the market couldn’t get any better, stocks start rallying and breaking out of key support levels.
Looks like the bulls are back in town! And if you’re looking for a strong example of a stock that has broken out of a key support level and is on the rise, take a look at the 44 moving average.
. The 44 moving average is a technical indicator that shows when a stock is slowly starting to trend upwards.
. As of today, the 44 Moving Average for the S&P 500 is sitting at 2,216, so it’s safe to say that stocks are on the rise!
If you're looking to invest in stocks, then you should be aware of the 44 moving average.
This is a technical indicator that helps identify oversold shares and helps to identify a possible buying opportunity.
The rising phase of the 44 moving average indicates that the prices of the stocks are rising, and vice versa for the falling phase.