C.H. Robinson Worldwide (CHRW) Crossed Above the 200-Day Moving Average: What That Means for Investors
CHRWC.H. Robinson(CHRW) Zacks Investment Research·2024-05-13 22:30

C.H. Robinson Worldwide (CHRW) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CHRW broke through the 200-day moving average, which suggests a long-term bullish trend. The 200-day simple moving average helps traders and analysts determine overall long-term market trends for stocks, commodities, indexes, and other financial instruments. The indicator moves higher or lower along with longer-term price moves, serving as a support or resistance ...