These three stocks are on the verge of forming a bullish 'golden cross' pattern

Even as the market trades near its highs, these three stocks could have even more room for upside, according to a popular chart pattern favored by technical analysts as a bullish indicator. This technical indicator is known as a "golden cross," when a stock's 50-day moving average crosses over its 200-day moving average. Investors view a golden cross as a bullish indicator of positive momentum continuing into the longer term.

The consensus price target suggests shares gaining more than 9% from their current level. The company is currently in a dispute with Chevron over assets in oil-rich Guyana . Year to date, Exxon is up roughly 14%. The other oil company close to forming a golden cross is Occidental Petroleum . Occidental has a 50-DMA of 59.65, slightly lower than its 20-DMA of 60.94. To be sure, analysts are mostly sticking to the sidelines on the stock.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Jim Cramer's top 10 things to watch in the stock market ThursdayStock futures rose Thursday morning after all three major averages closed at new records Wednesday.
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »

Jim Cramer's top 10 things to watch in the stock market WednesdayStock futures rose Wednesday after the S&P 500 posted three consecutive losing sessions.
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »