Will Investors Notice Exciting Sign On Medtronic's Chart?
Portfolio Pulse from Benzinga Insights
A 'golden cross' has formed on Medtronic's (NYSE:MDT) chart, which could be bullish for the stock. The golden cross occurs when the 50-day moving average crosses above the 200-day moving average, signaling a potential change in the long-term trend.
May 19, 2023 | 3:03 pm
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Medtronic's chart shows a 'golden cross', which could indicate a bullish trend for the stock. The company's recent earnings have been in line with or above estimates.
The formation of a 'golden cross' on Medtronic's chart is a technical indicator that suggests a potential bullish trend for the stock. Additionally, the company's recent earnings have been in line with or above estimates, which could further support positive sentiment among investors.
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