Will Investors Notice Exciting Sign On CrowdStrike Holdings's Chart?
Portfolio Pulse from Benzinga Insights
A 'golden cross' has formed on CrowdStrike Holdings' (NASDAQ:CRWD) chart, which could indicate a bullish trend 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 09, 2023 | 2:50 pm
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CrowdStrike Holdings' chart has formed a 'golden cross', which could signal a bullish trend for the stock. Seasoned investors may use this as a sign to consider long positions.
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, as it indicates a potential change in the long-term trend. In the case of CrowdStrike Holdings, the formation of a golden cross could lead to an increase in the stock price in the short term. However, it is important to note that seasoned investors use this signal in conjunction with other factors, such as price levels and company fundamentals, to make their decisions.
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