In the dynamic world of stock markets, staying updated on key indicators is crucial for investors. In this analysis, we ll delve into major stocks that recently surpassed their 200-day Simple Moving Average (SMA) as of November 15, providing insights into potential trends and market sentiments.
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The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It provides a numeric value that ranges from 0 to 100, helping investors identify overbought and oversold conditions in a stock. Here s a quick rundown of RSI s utility: