Sunrun Stock: Golden Cross Sparks Bullish Sentiment, Potential Upside
Sunrun(RUN) Benzinga·2024-07-16 17:06
The company's stock recently crossed above its 50-day moving average (SMA), driven by bullish momentum. Moving average indicators on Sunrun's price chart have also formed a Golden Cross—an important bullish signal where a shorter-term moving average crosses above a longer-term moving average. Specifically, the 50-day SMA (currently at $13.03, yellow line in chart above) crossed over the 200-day SMA (at $12.91, blue line in chart above) forming a classic Golden Cross pattern. The formation typically signalin ...