Moving Average Crossover: Great News for Accenture Plc (ACN)? - Tale of the Tape

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Accenture Plc ( ACN ) may be a solid choice for technical investors, as the firm saw some good news with its moving average crossover. ACN just saw its 50 Day Moving Average break out above its 200 Day Simple Moving Average, meaning that there could be some short-term bullishness for the stock.

You could definitely argue that this has already started to take place, as shares of ACN have jumped by 6.3% in the trailing 4 weeks. If that wasn't enough, the company currently possesses a Zacks Rank #2 (Buy) , so it could have more room to run in the weeks ahead too.



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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: ACN

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