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Robinhood Markets, Inc. (HOOD) Just Overtook the 20-Day Moving Average
HOODRobinhood(HOOD) Zacks Investment Research·2024-04-12 14:36

Robinhood Markets, Inc. (HOOD) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, HOOD broke through the 20-day moving average, which suggests a short-term bullish trend.The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signal ...