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ROOT Moves Above 200-Day SMA: Buy, Hold or Sell the Stock?
RootRoot(US:ROOT) ZACKS·2025-05-31 02:36

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 125.32yesterday,a30.8125.32 yesterday, a 30.8% discount from its 52-week high of 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 ...