StoneCo Ltd. (STNE) Recently Broke Out Above the 20-Day Moving Average
STNEStoneCo(STNE) Zacks Investment Research·2024-02-02 23:36

StoneCo Ltd. (STNE) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, STNE 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 average ...