Sylvamo Corporation (SLVM) Just Overtook the 50-Day Moving Average

After reaching an important support level, Sylvamo Corporation (SLVM) could be a good stock pick from a technical perspective. SLVM surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend. The 50-day simple moving average is a widely used technical indicator that helps determine support or resistance levels for different types of securities. It's one of three major moving averages, but takes precedent because it's the first sign of an up or down trend. Shares of SLVM have be ...