Greenbrier Companies (GBX) Crossed Above the 50-Day Moving Average: What That Means for Investors

After reaching an important support level, Greenbrier Companies (GBX) could be a good stock pick from a technical perspective. GBX surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.One of the three major moving averages, the 50-day simple moving average is commonly used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day is considered to be more important since it's the first marker of an up or down t ...