Square (SQ) stock fell 1.6% yesterday and is now down almost 17% from its 52-week highs even as the US stock markets are trading near their record highs. The stock is up only about 6% for the year and is underperforming the S&P 500.Square stock is not looking too bullish on the stock. Square stock is testing its 50-day SMA and is only slightly above the level. The stock could find support at the 50-day SMA but if it fails to hold the line, it could fall towards the 200-day
What’s the forecast for Square stock after its 2021 underperformance? Is it a good time to buy SQ stock now?
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