AXT (AXTI)'s Technical Outlook is Bright After Key Golden Cross

AXT Inc (AXTI) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, AXTI's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."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 involves the 50-day and the 200-day, sinc ...