Dow Pulls Back From 50-Day Moving Average Intraday

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 |  Includes: DIA, DOG, DOW, SDOW, UDOW
by: Bespoke Investment Group

After a strong open, the Dow Jones Industrial Average has pulled back about 100 points from its highs earlier this morning. As shown in the chart below, this pullback came right as the index bumped up against its 50-day moving average. The major indices had a tough time breaking above their 200-day moving averages on this current run higher, but they finally broke through last week. Will the 50-day end up being as tough of resistance to get through as the 200-day was?

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