Pinterest Stock Poised For A Golden Cross, Time To Go Bullish?

Pinterest Inc. PINS is on the verge of forming a Golden Cross — a bullish technical signal that occurs when the 50-day simple moving average (SMA) rises above the 200-day SMA.While the stock has been in a downtrend, falling nearly 19% in the past month, buying pressure is beginning to emerge. This shift in momentum suggests Pinterest stock could be setting up for a bullish breakout. Chart created using Benzinga ProRead Also: Pinterest’s AI ‘Taste Graph’ Expands 75% As Meta-Rival Hits First $1 Billion Revenu ...