Prudential Stock Slips Below 50-Day SMA: What Should You Do Now?
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Prudential Financial's stock (PRU) has slipped below its 50-day simple moving average (SMA). Despite this, the company is expected to grow due to its strong asset-based businesses, international operations, and expansion in the pension risk transfer market.
January 02, 2025 | 6:00 pm
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Prudential Financial's stock has fallen below its 50-day SMA, but growth is anticipated due to strong asset-based businesses and international operations.
The stock slipping below the 50-day SMA is a technical indicator that might suggest a bearish trend. However, the company's strong fundamentals in asset-based businesses and international operations provide a counterbalance, suggesting potential for future growth.
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