News Formal

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%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

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.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 12. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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.
Источник: Cointelegraph - 🏆 562. / 51 Прочитайте больше »

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