A handful of stocks are about to signal a bullish price chart pattern, which could signal a future breakout. Investors view the Golden Cross chart pattern as a key indicator that a stock may be on the verge of strong gains. This move occurs when the stock’s 50-day moving average crosses above the 200-day moving average. If the stock’s 200-day moving average slopes upward, analysts will be more complimentary about the stock’s movement. The moves come as major market averages have recently hit record highs, driven by leaders in technology and artificial intelligence, and have expanded to include small-cap stocks, a sign that investors are now abandoning the technology theme that has underpinned much of Wall Street. Since the end of 2022. Here’s a list of what we found. Shares of the health insurance company’s UnitedHealth Group are up more than 8% in 2024. A golden cross may appear. UnitedHealth Group on Tuesday reported second-quarter revenue and profit guidance that beat Wall Street expectations. Given the strong second-quarter results, Jefferies analyst David Windley upgraded the stock to buy from hold and praised UnitedHealth Group’s cost-cutting efforts, which he said could It will continue to strengthen its strength in 2025. [medical loss ratio] Windley said the outlook for Q1/Q2 may not be entirely clear, but is “clear enough” to shift focus to the “25-year growth outlook” which has been favorable and improved over the past two months. One of the operators, the stock price has fallen slightly by more than 1% in 2024. , citing a good risk-reward balance and optimism about future developments. , and is backed by one of the best balance sheets in the space,” St. Juste said of Regency. Another real estate investment trust (REIT) has also shortlisted Golden Cross candidates, and its shares are up about 1% so far in 2024.
