JD.com, Inc. (JD) Recently Broke Out Above the 50-Day Moving Average

JD.com, Inc. (JD) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, JD broke out above the 50-day moving average, suggesting a short-term bullish trend.The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down trend.Shares of ...