Blue Bird (BLBD) Stock Moves Above 50-Day SMA: Time to Buy?
Blue Bird(BLBD) ZACKS·2024-07-17 23:20
Blue Bird Corporation (BLBD) , a school bus manufacturer, has reached a significant support level, making it an attractive option for investors from a technical standpoint. Yesterday, the stock broke through its 50-day simple moving average (SMA), indicating a potential short-term bullish trend.The 50-day SMA is a key indicator for traders and analysts, used to identify support and resistance levels. It is considered particularly important as it's the first marker of an uptrend or a downtrend.This year, Blu ...