MicroStrategy Inc. (NASDAQ:MSTR), a stock considered an alternative to Bitcoin (CRYPTO: BTC) investment, received a bullish signal from moving average (MA) technical indicators.
What happened: According to the financial market analytics platform TradingView, nearly all of the simple and exponential MAs flashed a “Buy” rating for the stock, culminating in a net “Strong Buy” signal.
Moving averages smooth out price data by creating a constantly updated average price. Typically, if the price is above a moving average, the trend is up. If the price is below a moving average, the trend is down.
On the contrary, momentum indicators painted a different story. The Moving Average Convergence Divergence …
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