On Holding (ONON) Crossed Above the 20-Day Moving Average: What That Means for Investors
ONONOn AG(ONON) ZACKS·2024-08-12 22:36

On Holding (ONON) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ONON crossed above the 20-day moving average, suggesting a short-term bullish trend.A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages.T ...