Hopeful Golden Cross Forms On Accenture's Chart
Portfolio Pulse from Benzinga Insights
A golden cross has formed on Accenture's (NYSE:ACN) 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 31, 2023 | 2:52 pm
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Accenture's chart shows a golden cross, which could indicate a bullish trend for the stock. The company has consistently exceeded earnings and revenue estimates in recent quarters.
The golden cross is a technical indicator that suggests a potential bullish trend for a stock. In Accenture's case, the 50-day moving average has crossed above the 200-day moving average, which could signal a change in the long-term trend. Additionally, the company has consistently exceeded earnings and revenue estimates in recent quarters, which may further support a positive outlook for the stock.
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