US stocks open higher. NASDAQ tests its 200 hour moving average ...Middle East

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US stocks open higher. NASDAQ tests its 200 hour moving average
The major stock indices are moving higher at the US open. The gains are led by the NASDAQ with a gain of 1.30%. That has taken the price of the Nasdaq index, back above its 200 hour moving average at 17914.20. If the price can stay above that level, it would be a shift back to the upside technically (stay above the green line on the chart below).Meanwhile, the S&P index on Friday fell but found support buyers near its 200-hour moving average at 5503.54 (green line in the chart below). Today's move higher takes the price away from that moving average, and will have traders looking toward its higher 100-hour moving average at 5567.67. Get above that line (blue line in the chart below), and th

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