Capital Southwest (CSWC) Crossed Above the 50-Day Moving Average: What That Means for Investors
After reaching an important support level, Capital Southwest (CSWC) could be a good stock pick from a technical perspective. CSWC surpassed resistance at the 50-day moving average, suggesting 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.Shares of CSWC h ...