After Golden Cross, Synovus Financial (SNV)'s Technical Outlook is Bright

There are three stages to a golden cross. First, there must be a downtrend in a stock's price that eventually bottoms out. Then, the stock's shorter moving average crosses over its longer moving average, triggering a positive trend reversal. The third stage is when a stock continues the upward momentum to higher prices. Synovus Financial Corp. (SNV) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, SNV's 50-day simple moving average broke out ...