Above 50 day MAs for S&P and Nasdaq
The major US indices are ending the session with solid, positive gains, but off the highs and near mid range. Nevertheless, buyers can't be too disappointed.
Technically, the S&P and Nasdaq indices each closed above their 50 day MAs.
The final numbers are showing:
- The S&P index rose 25.36 points or 0.89% at 2876.32. The high reached 2892.15. The 50 day MA at 2866.47. Staying above that MA would be bullish
- THe Nasdaq closed up 75.90 points or 0.97% at 7898.047. The high reached 7946.23. The 50 day MA is down at 7861. So it too is more bullish above that MA
- The Dow rose 214.66 points or 0.84% at 25862. The high reached 25957
