After Golden Cross, Adeia (ADEA)'s Technical Outlook is Bright

After reaching an important support level, Adeia Inc. (ADEA) could be a good stock pick from a technical perspective. ADEA recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving avera ...