Logitech (LOGI) Crossed Above the 50-Day Moving Average: What That Means for Investors
Logitech(LOGI) Zacks Investment Research·2024-05-14 22:30
Logitech (LOGI) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, LOGI broke through the 50-day moving average, which suggests a short-term bullish trend. Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on LOGI for more gains in the near future. The 50-day simple moving average, which is one of three major moving averages, is widely used by traders and analysts to establis ...