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
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
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.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100