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Today's Research Reports on Trending Tickers: Bitcoin Investment Trust and Square

NEW YORK, NY / ACCESSWIRE / August 8, 2018 / U.S. equities closed up on Tuesday, as investors set aside trade related concerns and focus on strong corporate earnings. The Dow Jones Industrial Average increased 0.50 percent to close at 25,628.91, while the S&P 500 Index has gained 0.28 percent to close at 2,858.45. The Nasdaq Composite Index climbed 0.31 percent to close at 7,883.66.

Hussein Sayed, chief market strategist at FXTM said in a note “The strong earnings season has been the key factor lifting U.S. stocks,” he further added “However, as we get closer to the end of company announcements, the focus will return to trade frictions, geopolitics and the forthcoming U.S. midterm elections,”.

RDI Initiates Coverage on:

Bitcoin Investment Trust
https://rdinvesting.com/news/?ticker=GBTC

Square, Inc.
https://rdinvesting.com/news/?ticker=SQ

Bitcoin Investment Trust’s stock moved 1.6% higher Tuesday, to close the day at $10.13. The stock recorded a trading volume of 1,333,246 shares, which was below its three months average volume of 2,597,712 shares. In the last year, Bitcoin Investment Trust's shares have traded in a range of 5.29 - 38.71. The share price has gained 91.49% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $10.38 is below its 200-day moving average of $13.34. Shares of Bitcoin Investment Trust have gained roughly 0.98 percent in the past month and are down 54.27 percent year-to-date.

Access RDI's Bitcoin Investment Trust Research Report at:
https://rdinvesting.com/news/?ticker=GBTC

On Tuesday, shares of Square recorded a trading volume of 6,589,678 shares, which was below the three months average volume of 9,933,564 shares. The stock ended the day 0.11% higher at $71.00. The share price has fallen 2.99% from its 52 week high with a 52 week trading range of 24.22 - 73.19. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $66.72 is above its 200-day moving average of $54.61. Shares of Square have gained roughly 6.86 percent in the past month and are up 104.79 percent year-to-date.

Access RDI's Square, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SQ

Our Actionable Research on Bitcoin Investment Trust (OTCQX:GBTC) and Square, Inc. (NYSE:SQ) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com