A Bullish Sign Appears On EQT's Chart
Portfolio Pulse from Benzinga Insights
A 'golden cross' has formed on the chart of EQT (NYSE:EQT), which could be a bullish sign for the stock. This occurs when the 50-day moving average crosses above the 200-day moving average, indicating a potential upward trend. EQT is currently trading around $39.50. However, seasoned investors use this as a signal to start considering long positions based on other factors, such as price levels and company fundamentals.
July 06, 2023 | 2:48 pm
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The formation of a 'golden cross' on EQT's chart could indicate a potential upward trend for the stock. However, investors are advised to consider other factors before taking long positions.
The 'golden cross' is a technical indicator that can signal a potential bullish trend for a stock. In this case, it has formed on EQT's chart, which could indicate an upward trend for the stock. However, it's important for investors to consider other factors, such as price levels and company fundamentals, before taking long positions.
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