CleanSpark (CLSK) Crossed Above the 50-Day Moving Average: What That Means for Investors
CLSKCleanSpark(CLSK) Zacks Investment Research·2024-02-09 23:31

CleanSpark (CLSK) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CLSK broke through the 50-day moving average, which 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.Shares of CLS ...