AllianceBernstein (AB) Just Flashed Golden Cross Signal: Do You Buy?

From a technical perspective, AllianceBernstein Holding L.P. (AB) is looking like an interesting pick, as it just reached a key level of support. AB's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover i ...