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Published on 11 May 2022 on Zacks via Yahoo Finance

NXP Semiconductors (NXPI) Recently Broke Out Above the 20-Day Moving Average


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After reaching an important support level, NXP Semiconductors (NXPI) could be a good stock pick from a technical perspective. NXPI surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.

The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals than longer-term moving averages.

The 20-day moving average can show signals that are similar to other SMAs as well. If a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.

NASDAQ.NXPI price evolution

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