Robinhood Markets, Inc. (HOOD) Recently Broke Out Above the 20-Day Moving Average
From a technical perspective, Robinhood Markets, Inc. (HOOD) is looking like an interesting pick, as it just reached a key level of support. HOOD recently overtook the 20-day moving average, and this suggests a short-term bullish trend. Over the past four weeks, HOOD has gained 13.8%. The company is currently ranked a Zacks Rank #1 (Strong Buy), another strong indication the stock could move even higher. Like other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. When t ...