If history is any guide, there may be good fortune ahead for shares of Zendesk , a so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.
Many traders use moving average crossover systems to make their decisions.
When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.
The 50-day and the 200-day simple moving averages are commonly used.
The golden cross occurs when the 50-day crosses above the 200-day . This could mean the long-term trend is changing.That just happened with Zendesk , which is trading around $126.05 at posting time.
Seasoned investors don't blindly trade Golden Crosses.
Instead, they use it as a signal to start looking for long positions based on other factors, like price levels and company fundamentals & events.
For seasoned investors, this is just a sign that it might be time to start considering possible long positions.
With that in mind, take a look at Zendesk's past and upcoming earnings expectations:
Do you use the Golden Cross signal in your trading or investing? Share this article with a friend if you found it helpful!
Many traders use moving average crossover systems to make their decisions.
When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.
The 50-day and the 200-day simple moving averages are commonly used.
The golden cross occurs when the 50-day crosses above the 200-day . This could mean the long-term trend is changing.That just happened with Zendesk , which is trading around $126.05 at posting time.
Seasoned investors don't blindly trade Golden Crosses.
Instead, they use it as a signal to start looking for long positions based on other factors, like price levels and company fundamentals & events.
For seasoned investors, this is just a sign that it might be time to start considering possible long positions.
With that in mind, take a look at Zendesk's past and upcoming earnings expectations:
Do you use the Golden Cross signal in your trading or investing? Share this article with a friend if you found it helpful!