Rocket Lab USA, Inc. (RKLB) Crossed Above the 50-Day Moving Average: What That Means for Investors

From a technical perspective, Rocket Lab USA, Inc. (RKLB) is looking like an interesting pick, as it just reached a key level of support. RKLB recently overtook the 50-day moving average, and this suggests 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.RK ...