Golden Cross Appears Before CenterPoint Energy Investors
Portfolio Pulse from Benzinga Insights
A golden cross has formed on CenterPoint Energy's (NYSE:CNP) 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 06, 2023 | 2:48 pm
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CenterPoint Energy's chart shows a golden cross, indicating a potential bullish trend for the stock. Investors may consider long positions based on other factors.
The golden cross is a technical indicator that suggests a potential bullish trend for the stock. When the 50-day moving average crosses above the 200-day moving average, it indicates that the long-term trend may be changing. This could lead to an increase in the stock price in the short term. However, investors should also consider other factors such as price levels and company fundamentals before making any decisions.
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