Facebook Among 5 Big Tech Stocks Above 50-Day Line

By | January 9, 2015

Scalper1 News

With the broader market under pressure over the past few weeks, many stocks got to know their 50-day moving average a little better. The 50-day measure represents a stock’s average price over the previous 50 days and is a key test of investors’ confidence in a company. If investors believe in the company, they’re more likely to buy when its stock price approaches 50-day territory. Mutual funds and other big institutions often support a stock Scalper1 News

Scalper1 News