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Cidara Therapeutics (CDTX) Just Flashed Golden Cross Signal: Do You Buy?
CDTXCidara Therapeutics(CDTX) ZACKS·2024-12-03 15:55

Cidara Therapeutics, Inc. (CDTX) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, CDTX's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day ...