TECH - 4 Golden Crosses With Double-Digit Upside Ahead | Benzinga
Marketbeat's numerous tools for investors include screens and analyses of fundamental and technical factors. The tool we're looking at today is a technical screen for golden crosses. A golden cross is when a shorter-term EMA, such as a 30-day or 50-day average, crosses above a longer-term EMA. Longer-term EMAs could run from 100 to 300 days, but the crossover is what matters.
Technical analysis assumes the shorter EMA represents activity by short-term oriented traders and the more extended activity by long-term oriented traders; when the short crosses over the long, it signals a convergence of markets that can lead to accelerated share price action. A convergence of markets is when one or more technical factors signal a buy, suggesting a high degree of commitment from the market. The higher the degree of commitment, the higher the price action can move.
Allot Communications, Ltd Is Pivoting Back to Growth
Allot, Ltd (NASDAQ: ALLT) is a technology company focused on network security for enterprises and ISPs. Its stock price has fallen significantly over the last year as business contracted and analysts cut their price targets. The takeaway today is that a Golden Cross of the 30-day ...