Will Chart Analysts Notice Bad Omen on Gaming and Leisure Props's Chart
Portfolio Pulse from Benzinga Insights
A 'death cross' has formed on Gaming and Leisure Properties' (NASDAQ:GLPI) chart, which could indicate a bearish trend for the stock. The death cross occurs when the 50-day moving average moves below the 200-day moving average, signaling a potential change in the long-term trend.
May 19, 2023 | 2:58 pm
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Gaming and Leisure Properties (NASDAQ:GLPI) has experienced a 'death cross' on its chart, which could indicate a bearish trend for the stock.
A 'death cross' is a technical indicator that occurs when a stock's 50-day moving average crosses below its 200-day moving average. This is generally considered a bearish signal, suggesting that the stock's long-term trend may be changing. In the case of Gaming and Leisure Properties, the formation of a death cross could lead to a decline in the stock's price in the short term.
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