MicroStrategy Just Broke Through Its 50-Day Moving Average. Should You Buy MSTR Stock Here?

MicroStrategy (MSTR) shares ripped higher on Monday after the Nasdaq-listed firm disclosed its largest Bitcoin (BTCUSD) acquisition of the year, purchasing 22,337 BTC for nearly $1.6 billion in total. As investors reacted to this update that signals the “Saylor Playbook” is now back in high gear, MSTR broke through its 50-day moving average (MA), indicating shifting momentum in favor of the bulls. More News from Barchart Year-to-date, MicroStrategy stock remains down some 2%, suggesting it isn’t alread ...