On Holding (ONON) Recently Broke Out Above the 50-Day Moving Average
ONONOn AG(ONON) ZACKS·2024-08-12 22:30

From a technical perspective, On Holding (ONON) is looking like an interesting pick, as it just reached a key level of support. ONON recently overtook the 50-day moving average, and this suggests a short-term bullish trend.The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down trend.Over the pas ...