DJIA Challenging 200-Day Moving Average

Posted: June 1, 2009 at 2:33 pm

The Dow Jones Industrial Average has been trading above its 50-day moving average since late-March.  But the 200-day moving average is a key metric for long-term traders.  The 200-day moving average for the DJIA is 8,765.69.  We are also seeing the same reading in the S&P 500 Index, with the exception that the S&P 500 Index has now actually moved well above its 200-day moving average of 926.89.

Below are the two charts from Stockcharts.com:

DJIA 200 Day MA June 1

SP500 200 Day MA June 1

Read more: Charts, Index, Technical Analysis
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