AudioEye (AEYE) Crossed Above the 50-Day Moving Average: What That Means for Investors
AudioEye(AEYE) ZACKS·2024-11-07 23:30
AudioEye (AEYE) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, AEYE broke out above the 50-day moving average, suggesting 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.Shares of ...