Ominous Death Cross Forms On Zebra Technologies's Chart
Portfolio Pulse from Benzinga Insights
A death cross has formed on Zebra Technologies' (NASDAQ:ZBRA) chart, which could indicate a bearish trend for the stock. The death cross occurs when the 50-day moving average moves below the 200-day moving average, signaling a potential change in the long-term trend.
June 12, 2023 | 2:50 pm
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Zebra Technologies' chart shows a death cross, indicating a potential bearish trend for the stock. Seasoned investors may consider short positions based on other factors.
The death cross is a technical indicator that occurs when the 50-day moving average moves below the 200-day moving average. This is generally considered a bearish signal, indicating that the long-term trend may be changing. As a result, seasoned investors may consider short positions based on other factors, such as price levels and company fundamentals. In the case of Zebra Technologies, the death cross has formed on its chart, which could lead to a bearish trend for the stock in the short term.
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