FERG Notable Two Hundred Day Moving Average Cross

What happened: Fidelity High Dividend ETF (FDVV) crossed above its 200-day moving average, signaling a bullish trend. FDVV's price rose from a 52-week low of $42.81 to a last trade of $55.84. Meanwhile, Co-Diagnostics (CODX) removed COVID-19 from its upper respiratory multiplex submission due to lack of positive samples and is transitioning its CoSara joint venture in India. Separately, FirstEnergy (FERG) also crossed above its 200-day moving average, with its price increasing from a 52-week low of $146 to a last trade of $234.62.

Market impact: The bullish crossover in FDVV and FERG indicates strengthening momentum in high-dividend and utility sectors respectively. For CODX, the removal of COVID-19 from its submission may impact its diagnostic product pipeline, potentially affecting its revenue growth.

What to watch next: Investors should monitor FDVV and FERG's performance to confirm the sustainability of their bullish trends. For CODX, upcoming earnings (Q1 2023, expected on May 15) will provide insights into the financial impact of its strategic changes. Additionally, watch for any updates on CODX's product pipeline and the progress of its CoSara joint venture.