Grocery Outlet Trades Below 200 & 50-Day SMA: How to Play the Stock?

Grocery Outlet Holding Corp. (GO) has encountered a notable resistance level, prompting caution among investors from a technical standpoint. GO has been trading below both the 200-day and 50-day simple moving averages (SMA) for quite some time now, suggesting a bearish trend. 30.00 25.00 SMA (200): 23.2286 20.00 SMA (50): 18.2226 GO: 17.55 15.00 Volume · GO: 2 435 788 Monday, Sep 30, 2024 Jul '24 Aug 24 Nov '23 Jun '24 Image Source: Zacks Investment Research Closing at $17.55 yesterday, GO remains below its ...