Investors Business Daily reports a downward momentum with Ancestry.com (ACOM) stock. Wonder what this means?
Chip Brian reports that "Ancestry.com is currently below its 50-day moving average of $37.37 and below its 200-day moving average of $34.69. Look for these moving averages to decline to confirm the company's downward momentum." Click here for details.
To be fair, one could compare ACOM's performance to that of other major players in the industry and to the general stock performance. We know that Wall Street has taken a beating in the last few weeks.
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