PDD Holdings Inc. Sponsored ADR (PDD) Crossed Above the 20-Day Moving Average: What That Means for Investors

PDD Holdings Inc. Sponsored ADR (PDD) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, PDD broke through the 20-day moving average, which suggests a short-term bullish trend.A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term m ...