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.
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Bron: Cointelegraph - 🏆 562. / 51 Lees verder »
Bron: MarketWatch - 🏆 3. / 97 Lees verder »