Mondelez Stock Trading Above 200 & 50-Day SMA: How to Play Ahead?

Mondelez International, Inc. (MDLZ) has demonstrated impressive upward momentum, consistently trading above its 200-day and 50-day simple moving averages (SMA), key indicators of price stability and long-term bullish trends. As of Monday, MDLZ was trading at $74.57, which surpassed both its 200-day SMA of $70.07 and 50-day SMA of $70.71, highlighting a continued uptrend.SMA is a key tool in technical analysis used to assess price trends by smoothing out short-term fluctuations, offering a clearer view of th ...