The 'golden cross' pattern occurs when an asset's 50-day moving average rises above the longer-term 200-day moving average, signaling a potential rally ahead.
A few stocks could ride the market's momentum and see a breakout ahead, according to a bullish price chart pattern that is closely watched by technical analysts. McDonald's and Cisco Systems are among the companies that have recently formed the "golden cross" pattern , a phenomenon that occurs when an asset's 50-day moving average rises above an upwardly sloping 200-day moving average. These stocks could be poised for a strong run as the three major U.S.
"We now believe higher valuation premium relative to S & P and peers is warranted given its clear scale advantage that will allow it to out-comp peers and move into an even stronger position within the fast food industry," analyst Christine Cho said in a note. Cisco Systems Cisco Systems shares are up about 3.8% this year and made the cut. The stock has jumped more than 10% this quarter after the company posted second-quarter results that beat analysts' estimates.
Cisco Systems Inc Mcdonald's Corp NASDAQ Composite S&P 500 Index Dow Jones Industrial Average Stock Markets Investment Strategy Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow stock index adds more than 200 points, closes at a record highThe U.S. economy grew by an estimated 3% in the second quarter, up from a 2.8% reading in July, according to a report from the U.S. Bureau of Economic Analysis. Investopedia Editor in Chief Caleb Silver breaks down the numbers and what the report says about the health of the U.S. economy.
Read more »
Three charged in gunpoint robbery at McDonald's in Lyons; one faces gun, drug chargesLyons, N.Y. Three people from Wayne County were arrested Wednesday night after an armed robbery at the McDonald's on Forgham Street.
Read more »
Jets' Will McDonald provides 'unbelievable' three-sack effort in best game as proHe, the Jets first-round pick in 2023, set a tone for his day, his best game as a pro to date, on the Titans’ first offensive series.
Read more »
More than 200 former Bush, McCain and Romney staffers endorse HarrisFormer Rep. Adam Kinzinger, R-Ill., addresses his “sometimes awkward alliance' with Democrats to defend democracy, saying that Democrats are just as patriotic as Republicans. He argued that former President Trump has “suffocated the soul” of the GOP, and recalls bearing witness to the attack on January 6.
Read more »
First to ABC: Retired 4-star general, 200 former GOP staffers endorse HarrisLarry Ellis said anyone in the military who acted like Trump would be dismissed.
Read more »
200 Martian meteorites on Earth came from just 5 craters, claim scientistsScientists claim that roughly 200 Martian meteorites originated from just five impact craters situated in the Tharsis and Elysium volcanic regions of Mars.
Read more »