This Favorable Sign Appears On Broadridge Financial Soln's Chart
Portfolio Pulse from Benzinga Insights
A golden cross has formed on Broadridge Financial Soln's (NYSE:BR) 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.
June 05, 2023 | 2:48 pm
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Broadridge Financial Soln (NYSE:BR) experiences a golden cross, indicating a potential bullish trend for the stock.
The 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, suggesting that the stock's long-term trend may be changing. In the case of Broadridge Financial Soln, the golden cross could lead to an increase in the stock's price in the short term.
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