Hopeful Golden Cross Forms On Entegris's Chart
Portfolio Pulse from Benzinga Insights
A golden cross has formed on Entegris's (NASDAQ:ENTG) 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 possible change in the long-term trend.

May 31, 2023 | 2:50 pm
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Entegris's chart shows a golden cross, which could indicate a bullish trend for the stock. The stock is trading around $106.03.
A golden cross is a technical indicator that occurs when a stock's 50-day moving average crosses above its 200-day moving average. This is generally considered a bullish signal, as it suggests that the stock's short-term momentum is increasing relative to its long-term momentum. In the case of Entegris, the formation of a golden cross could indicate a positive trend for the stock in the short term. However, it is important to note that seasoned investors do not blindly trade golden crosses, but use them as a signal to start looking for long positions based on other factors, such as price levels and company fundamentals.
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