US stocks end higher but near mid range

Author: Greg Michalowski | Category: News

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

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