Itron (ITRI) Crossed Above the 50-Day Moving Average: What That Means for Investors
ITRIItron(ITRI) ZACKS·2024-07-24 22:31

After reaching an important support level, Itron (ITRI) could be a good stock pick from a technical perspective. ITRI surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.The 50-day simple moving average, which is one of three major moving averages, is widely used by traders and analysts to establish support and resistance levels for a range of securities. Because it's the first sign of an up or down trend, the 50-day is considered to be more important.ITRI has rallied 9. ...