NASDAQ index closes above its 200 day moving average for the 2nd consecutive day
After taking Monday off in observance of the Presidents' Day holiday, the US major indices finding with modest gains. Sellers near the close push the price is lower and off higher levels.
The final numbers are showing:
- S&P index +4.16 points or 0.15% at 2779.76
- NASDAQ composite index of 14.356 points or 0.19% at 7486.76
- Dow industrial average of 8.07 points or 0.03% at 25891.32
The NASDAQ composite index is closing above its 200 day moving average for the 2nd consecutive day. Then moving average comes in at 7467.64 versus the close price of 7486.76. Staying above that 200 day moving average would keep the Bulls/buyers in control.
