Will Chart Analysts Notice Bad Omen on Apollo Global Management's Chart
Portfolio Pulse from Benzinga Insights
A 'death cross' has formed on Apollo Global Management's (NYSE:APO) chart, indicating a potential bearish trend for the stock. The death cross occurs when the 50-day moving average moves below the 200-day moving average, signaling a possible change in the long-term trend.
May 19, 2023 | 2:59 pm
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Apollo Global Management's chart shows a 'death cross', indicating a potential bearish trend. Investors should consider other factors, such as price levels and company fundamentals, before trading.
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. However, investors should also consider other factors, such as price levels and company fundamentals, before making any trading decisions.
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