ROOT Moves Above 200-Day SMA: Buy, Hold or Sell the Stock?
Shares of ROOT Inc. (ROOT) continue to trend up, driven by geographic expansion, growth across automotive and financial services and effective cost management. ROOT is now trending above its 200-simple moving average (SMA), indicating the possibility of an uptrend ahead. Shares closed at 181.14, indicating room for growth. The 200-day SMA is a key indicator for traders and analysts to identify support and resistance levels. It is considered part ...