Workflow
Golden Cross
icon
Search documents
Should You Buy BlackBerry (BB) After Golden Cross?
ZACKS· 2025-10-20 14:56
Core Viewpoint - BlackBerry Limited (BB) is showing potential for a bullish breakout due to a recent technical indicator known as a "golden cross" [1] Technical Analysis - BB's 50-day simple moving average has recently crossed above its 200-day moving average, indicating a potential bullish trend [1] - A golden cross typically signifies a reversal from a downtrend to an upward trend, consisting of three stages: a downtrend, the crossover of moving averages, and a subsequent price increase [2] Performance Metrics - BB has experienced a 6.7% increase in stock price over the last four weeks, suggesting positive momentum [3] - The company holds a 1 (Strong Buy) rating on the Zacks Rank, indicating strong investor interest [3] Earnings Outlook - The earnings outlook for BB 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 [3][5] - The combination of positive earnings revisions and technical indicators suggests that BB may continue to see gains in the near future [5]
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].