Will Chart Analysts Notice Bad Omen on NICE's Chart
Portfolio Pulse from Benzinga Insights
A 'death cross' has formed on the chart of NICE (NASDAQ:NICE), which could indicate a bearish trend for the stock. This occurs when the 50-day moving average moves below the 200-day moving average. NICE is currently trading around $204.86. Seasoned investors use this as a signal to start considering possible short positions. NICE's past and upcoming earnings expectations are also provided.
June 29, 2023 | 2:47 pm
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The formation of a 'death cross' on NICE's chart could indicate a bearish trend for the stock. This may lead investors to consider short positions.
The 'death cross' is a technical indicator that suggests a bearish trend. It occurs when the 50-day moving average moves below the 200-day moving average. This has just happened with NICE, which could indicate a downward trend for the stock. Therefore, investors may start considering short positions.
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