These stocks are on the verge of forming a bullish chart pattern

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

The market just enjoyed a big relief rally and some stocks are on the verge of breaking out even higher, according to a bullish chart pattern.

CNBC Pro used FactSet data to screen the S & P 500 for stocks that are about to form a so-called "golden cross," in which their 50-day moving average breaks above the 200-day trend line. This has been a reliable bullish signal that historically indicates strong rallies on the horizon.

Shares have gained 7% this month after the company reported first-quarter results in line with analysts' expectations, according to FactSet. Dow-component Honeywell International is also on the brink of a "golden cross." The industrial name has rallied nearly 6% in June. Capital One Financial could also be breaking out soon. The stock has rebounded after losing double-digits amid March's banking crisis.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Is the cryptocurrency market about to break its 10-week losing streak?Can the crypto market avoid a dive below $1 trillion market cap? noshitcoins investigates.
Fonte: Cointelegraph - 🏆 562. / 51 Consulte Mais informação »

Is the stock market closed on Juneteenth?Here's what the Juneteenth holiday on Monday means for U.S. stock-market trading hours.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »