Nasdaq Breaks Out After Holding the 200 Day Moving Average

Date: 6/23/2011

Stock Trading Analysis on the Nasdaq Breaks Out After Holding the 200 Day Moving Average.After a great deal of selling and headline events, the Dow Jones Industrial Average Index rallied 175.06 points off the low of 11,874.94 to close at 12,050. The Nasdaq Composite Index rallied 59.28 points off the low of 2,627.47 to close at 2,686.75. The S&P 500 Index rallied 20.63 points off the low of 1,262.87 to close at 1,283.50.

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