Tactile Systems Technology (TCMD) Recently Broke Out Above the 20-Day Moving Average
TCMDTactile Systems Technology(TCMD) ZACKS·2024-08-07 22:36

After reaching an important support level, Tactile Systems Technology (TCMD) could be a good stock pick from a technical perspective. TCMD surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend. The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages. Lik ...