Published on 29 Apr 2024 on Benzinga
YPF Sociedad Anonima Recently Broke Out Above the 20-Day Moving Average - YPF (NYSE:YPF)
From a technical perspective, YPF Sociedad Anonima YPF is looking like an interesting pick, as it just reached a key level of support. YPF recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.