STMicroelectronics' Golden Cross Meets Amazon Backstop — And The Chart Lights Up

Chart created using Benzinga ProThe Golden Cross SignalTechnically, STM stock has shifted from repair to breakout mode. The 50-day simple moving average (SMA) at $27.18 has crossed over the 200-day SMA at 26.96, indicating strong bullish momentum taking over the chart. Momentum is turning up, volatility is compressing, and buyers have begun to show up on pullbacks rather than panicking into them. For chart purists, this is the kind of crossover that attracts systematic and momentum funds if price action con ...