Qifu Technology, Inc. (QFIN) Crossed Above the 20-Day Moving Average: What That Means for Investors
QFIN(QFIN) ZACKS·2024-09-12 22:35
Qifu Technology, Inc. (QFIN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, QFIN broke through the 20-day moving average, which suggests a short-term bullish trend.The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals ...