Formula Systems Soars Above Key Market Indicator
Company’s Stock Surges, Surpassing 200-Day Moving Average
On Wednesday, shares of Formula Systems (1985) Ltd (Symbol: FORTY) climbed past their 200-day moving average of $75.09, reaching as high as $76.95 per share. This movement marks a daily increase of approximately 3.7%. The chart below illustrates FORTY’s performance over the past year compared to its 200-day moving average:
The chart reflects that FORTY’s lowest point in its 52-week range is $55.97 per share, while its peak stands at $87.10, with the most recent trade at $76.95.
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