Will Investors Notice Exciting Sign On Zscaler's Chart?
Portfolio Pulse from Benzinga Insights
A 'golden cross' has formed on the chart of Zscaler (NASDAQ:ZS), which could be bullish for the stock. This occurs when the 50-day moving average crosses above the 200-day moving average, indicating a potential upward trend. Zscaler is currently trading around $139.78. The company has consistently exceeded earnings and revenue estimates in recent quarters.
July 06, 2023 | 2:47 pm
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POSITIVE IMPACT
Zscaler's stock may see a positive impact due to the formation of a 'golden cross' on its chart, indicating a potential upward trend. The company's consistent performance in exceeding earnings and revenue estimates also adds to its positive outlook.
The formation of a 'golden cross' is often seen as a bullish signal by traders, indicating a potential upward trend. This, combined with Zscaler's consistent performance in exceeding earnings and revenue estimates, could lead to increased investor interest and a potential rise in the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100