Archer Aviation Stock Hits A Golden Cross: Are Bulls Cleared For Takeoff?
Archer Aviation (ACHR) Benzinga·2024-12-04 14:11Archer Aviation Inc. ACHR has just flown into a technical milestone — its 50-day simple moving average has crossed above its 200-day moving average, forming a Golden Cross.This technical signal, often viewed as a harbinger of bullish momentum, has investors buzzing. But in the volatile world of electric vertical takeoff and landing (eVTOL) aviation, is this a true liftoff or just turbulence ahead? Chart created using Benzinga ProArcher stock has seen a meteoric rise in recent months. In November alone, the ...