Will Chart Analysts Notice Bad Omen on U-Haul Holding's Chart
Portfolio Pulse from Benzinga Insights
A 'death cross' has formed on U-Haul Holding's (NYSE:UHAL) 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 23, 2023 | 2:48 pm
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U-Haul Holding's chart has formed a 'death cross', 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, as it indicates a potential change in the long-term trend. In the case of U-Haul Holding, the formation of a death cross could lead to a decline in the stock price in the short term.
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