The NASDAQ-100 is widely followed as a measure mainly of the big tech and social media stocks that make up the index.
Since they are 21-day moving averages, they don’t generally roll over on just one day’s action, no matter how strong it is.
Below the 200-day moving average is an alarm bell for those investors ... The stock is a component of the S&P 500. It’s trading at 1.03 times book value with a price-earnings ratio of 20.
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