Golden Cross
Search documents
Karyopharm Therapeutics (KPTI)'s Technical Outlook is Bright After Key Golden Cross
ZACKS· 2025-10-17 14:56
Core Insights - Karyopharm Therapeutics Inc. (KPTI) is showing potential as a bullish investment opportunity due to a recent technical indicator known as a "golden cross" [1][2] - The stock has experienced a 5.2% gain over the past four weeks, indicating positive momentum [3] - Earnings expectations for KPTI have improved, with upward revisions in estimates, further supporting the bullish outlook [3][5] Technical Analysis - KPTI's 50-day simple moving average has crossed above its 200-day simple moving average, signaling a potential bullish breakout [1] - The golden cross pattern consists of three stages: a downtrend followed by a crossover of moving averages, and then an upward price momentum [2] Earnings Expectations - There have been two upward revisions in earnings estimates for the current quarter, with no downward changes in the past 60 days [3] - The Zacks Consensus Estimate for KPTI has also increased, reinforcing the positive sentiment around the stock [3]
Ericsson (ERIC) Now Trades Above Golden Cross: Time to Buy?
ZACKS· 2025-10-17 14:56
Core Viewpoint - Ericsson (ERIC) is showing potential as a stock pick due to a recent "golden cross" event, indicating a bullish trend may be forthcoming [1][2]. Technical Analysis - A "golden cross" occurs when a stock's short-term moving average (50-day) crosses above its long-term moving average (200-day), suggesting a bullish breakout [2]. - The golden cross pattern consists of three stages: a downtrend followed by a bottoming out, the crossover of moving averages, and an upward price trend [3]. Recent Performance - ERIC has increased by 17.5% over the last four weeks, indicating strong momentum [4]. - The company currently holds a 2 (Buy) rating on the Zacks Rank, reflecting positive market sentiment [4]. Earnings Expectations - There have been three upward revisions in earnings expectations for the current quarter, with no downward revisions, further supporting the bullish outlook [4]. - The Zacks Consensus Estimate for ERIC has also increased, reinforcing investor confidence in the stock's potential for gains [4][6].
Hedera (HBAR) Flirts With a Death Cross as Funding Turns Choppy
Yahoo Finance· 2025-10-17 14:00
Core Insights - Hedera (HBAR) is experiencing a trend reversal after struggling to maintain bullish momentum, with current technical indicators suggesting a potential failure of the bullish setup [1][6] Group 1: Technical Indicators - A Death Cross is imminent as the 50-day EMA approaches the 200-day EMA, signaling a bearish shift in market structure [2] - This marks the end of a three-month Golden Cross that had previously supported upward movement, leading to increased selling pressure among traders [3] - HBAR is currently trading at $0.159 and is within a descending broadening wedge pattern, which is typically bullish but may fail under current conditions [6] Group 2: Market Sentiment - The funding rate in the HBAR derivatives market shows significant fluctuations, indicating uncertainty among Futures traders and a lack of conviction in market direction [4] - Without a clear bias, HBAR may remain range-bound or decline further as liquidity decreases, necessitating a return of investor confidence for recovery [5] Group 3: Price Projections - If bearish pressure intensifies, HBAR could drop below $0.154, targeting $0.145 in the near term [6] - Conversely, if the bullish pattern holds, HBAR could rise above $0.180 and $0.188, potentially reaching $0.198, which would invalidate the bearish outlook [7]
Brookfield Infrastructure Partners (BIP)'s Technical Outlook is Bright After Key Golden Cross
ZACKS· 2025-10-15 14:55
Core Insights - Brookfield Infrastructure Partners LP (BIP) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - The recent breakout of BIP's 50-day simple moving average above its 200-day moving average signifies a "golden cross," a bullish indicator for future price movements [1][2] - BIP has experienced a 12% gain over the past four weeks, and its current Zacks Rank of 2 (Buy) suggests it may be poised for further breakout [3] Technical Analysis - The golden cross pattern consists of three stages: a downtrend followed by a bottoming out, the shorter moving average crossing above the longer moving average, and finally, an upward price trend [2] - This pattern is contrasted by a "death cross," which indicates potential bearish price movements [2] Earnings Outlook - BIP's positive earnings outlook for the current quarter is bolstered by two upward revisions in earnings estimates over the past 60 days, with no downward revisions [3] - The Zacks Consensus Estimate for BIP has also increased, further supporting the bullish case for the stock [3][5]
A-Mark Precious Metals (AMRK) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-10-10 14:55
Core Viewpoint - A-Mark Precious Metals, Inc. (AMRK) is showing potential as a stock pick due to a recent "golden cross" event, indicating a bullish trend in its stock price [1][4]. Technical Analysis - A "golden cross" occurs when a stock's short-term moving average (50-day) crosses above its long-term moving average (200-day), signaling a potential bullish breakout [2]. - The formation of a golden cross involves three stages: a downtrend that bottoms out, the crossover of moving averages, and a subsequent upward price movement [3]. Recent Performance - AMRK has increased by 9% over the last four weeks, suggesting positive momentum [4]. - The company holds a 1 (Strong Buy) rating on the Zacks Rank, indicating strong investor interest [4]. Earnings Outlook - AMRK's earnings outlook is positive, with no downward revisions in earnings estimates over the past two months and one upward revision, leading to an increase in the Zacks Consensus Estimate [4][5]. - The combination of favorable earnings revisions and technical indicators positions AMRK for potential gains in the near future [5].
FuelCell Energy (FCEL) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-10-10 14:55
Core Viewpoint - FuelCell Energy, Inc. (FCEL) is showing potential as a stock pick due to a recent "golden cross" event, indicating a bullish trend reversal [1][4]. Technical Analysis - A "golden cross" occurs when a stock's short-term moving average (50-day) crosses above its long-term moving average (200-day), signaling a bullish breakout [2]. - The successful golden cross event consists of three stages: a price decline bottoming out, the shorter moving average crossing above the longer one, and maintaining upward momentum [3]. Performance Metrics - FCEL shares have increased by 52.9% over the past four weeks, indicating strong upward movement [4]. - The company holds a 2 (Buy) rating on the Zacks Rank, suggesting further potential for breakout [4]. Earnings Outlook - The earnings outlook for FCEL is positive, with no downward revisions in the past two months and two upward revisions, leading to an increase in the Zacks Consensus Estimate [4]. - Investors are encouraged to monitor FCEL for potential gains due to its key technical levels and favorable earnings estimate revisions [6].
Wolfspeed's Golden Cross Ignites — Turning Israel Englander's $2 Shares Into 1,299% Moonshot
Benzinga· 2025-10-09 16:07
Core Insights - Wolfspeed (NYSE: WOLF) has experienced a significant technical rally, marked by a Golden Cross where the 50-day moving average ($6.20) surpassed the 200-day moving average ($4.43), indicating strong bullish momentum [1] - Billionaire Israel Englander's hedge fund, Millennium Management, purchased shares at an average price of $2.18, and with the current stock price around $30, this position has increased by 1,299%, representing a substantial profit [2] - The stock has shown robust technical indicators, including an eight-day SMA ($27.64) well above the 20- and 50-day averages, a MACD of 7.73, and an RSI of 87, suggesting strong buying pressure [3] Technical Performance - Wolfspeed's stock saw a mid-morning spike of 15%, contributing to a 39% increase over the week and an impressive 1,821% rise over the past month [4] - Positive trading volume and strong momentum indicators suggest that Wolfspeed is experiencing significant upward movement [4] Market Dynamics - Englander's investment timing aligns well with Wolfspeed's post-restructuring stabilization, where share cancellations and debt reduction have decreased the float, amplifying price movements [5] - The combination of a leaner share float, technical momentum, and Englander's strategic entry at $2 per share has created a compelling scenario for momentum traders [6]
X @CryptoJack
CryptoJack· 2025-10-04 07:35
#BNB BROKE OUT OF A MASSIVE ASCENDING TRIANGLE ON THE MONTHLY CHART 🚀THE GOLDEN CROSS WORKED BEAUTIFULLY 🔥 https://t.co/V99WERGM3n ...
As Warren Buffett Rumors Swirl, Occidental Petroleum Stock Just Formed a Golden Cross Pattern
Yahoo Finance· 2025-10-01 20:49
Core Viewpoint - Occidental Petroleum's shares experienced an increase due to rumors of Berkshire Hathaway planning to acquire its petrochemical division, OxyChem, for approximately $10 billion, alongside the formation of a golden cross pattern indicating bullish momentum [1][5][6]. Group 1: Stock Performance - Occidental stock has risen over 35% from its year-to-date low in April [2]. - The formation of a golden cross, characterized by the 50-day moving average crossing above the 200-day moving average, signals a potential long-term uptrend for OXY stock [3]. Group 2: Technical Indicators - The golden cross formation is particularly significant following a recent consolidation phase, suggesting higher reliability for sustained directional moves [4]. - The convergence of moving averages occurred with relatively low volatility, which often precedes significant price movements [4]. Group 3: Potential Acquisition Impact - The potential sale of OxyChem to Berkshire Hathaway would strategically reduce Occidental's substantial debt burden of $24 billion [5]. - This transaction would represent Berkshire's largest acquisition since its $11.6 billion purchase of Alleghany and its second major investment in the chemicals sector in nearly 15 years [5]. - OxyChem's strong performance, generating approximately $5 billion in revenue for the 12 months ending June 2025, makes it an attractive asset for Berkshire's portfolio [6]. Group 4: Market Sentiment - Despite the positive technical indicators and potential acquisition, Wall Street does not exhibit significant bullish sentiment towards OXY stock [7].
Nike Shares Surge on Surprise Sales Growth—Monitor These Key Stock Price Levels
Yahoo Finance· 2025-10-01 13:45
Core Insights - Nike shares experienced a significant increase after reporting unexpected sales growth and exceeding earnings expectations [1][7] - The company reported a 1% revenue growth in the fiscal first quarter compared to the previous year, surpassing its earlier guidance of a mid-single-digit percentage decline [1][2] - Adjusted earnings per share were $0.49, significantly higher than the $0.26 anticipated by analysts [1] Sales Performance - Nike's sales growth was driven by strong performance in its wholesale, running, and North American segments, which compensated for weaker sales in China [2] - The company anticipates a decline in holiday season sales and now expects a $1.5 billion impact from tariffs for the current fiscal year, an increase from the previously projected $1 billion [2] Stock Performance and Technical Analysis - Prior to the earnings report, Nike shares had decreased by 8% since the beginning of the year due to concerns over tariff exposure and the execution of its turnaround strategy [3] - Following the report, the stock rose nearly 4% to around $72.50 [3] - Nike shares have been trading within a falling wedge pattern but are poised for a breakout [4][7] - The stock found buying interest near the 200-day moving average, with the relative strength index moving out of oversold territory [4] Chart Patterns and Key Levels - A golden cross occurred in mid-August when the 50-day moving average crossed above the 200-day moving average, indicating a potential new uptrend [5] - Important overhead resistance levels to monitor include $80, $90, and $98, while significant support levels are around $71 and $63 [6][7]