Fastly (FSLY) Just Reclaimed the 200-Day Moving Average
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Fastly (FSLY) has surpassed its 200-day moving average, indicating a potential long-term bullish trend. This technical milestone suggests that FSLY could be a promising stock pick.
December 03, 2024 | 3:45 pm
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Fastly (FSLY) has surpassed its 200-day moving average, indicating a potential long-term bullish trend. This technical milestone suggests that FSLY could be a promising stock pick.
The 200-day moving average is a key technical indicator used by traders to assess the long-term trend of a stock. Fastly surpassing this level suggests a shift towards a bullish trend, which could attract more investors and potentially drive the stock price higher in the short term.
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