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Cassava Sciences Is Overbought But Still Points Higher

·2 min read
Cassava Sciences Is Overbought But Still Points Higher
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In this daily bar chart of SAVA, below, we can see that prices have exploded higher from a base pattern around $10. SAVA has soared above the rising 50-day moving average line. The 200-day line intersects down around $40 so when compared to the current price level we would consider SAVA extended or "overbought" at three times the level of long-term indicator.