This Foreboding Sign Looms Over MSCI's Chart
Portfolio Pulse from Benzinga Insights
A 'death cross' has formed on MSCI's chart, indicating a potential bearish trend for the stock. The death cross occurs when the 50-day moving average moves below the 200-day moving average, signaling a possible change in the long-term trend.
June 15, 2023 | 2:53 pm
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A death cross has formed on MSCI's chart, which could indicate a bearish trend for the stock in the short term.
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, suggesting that the stock's long-term trend may be changing. As a result, traders may consider short positions based on this signal and other factors such as price levels and company fundamentals.
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