Welcome to Extreme Investor Network, where we provide valuable insights and unique information to help you make informed investment decisions. Today, we are excited to share with you a small number of stocks that are showing signs of a bullish price chart pattern known as a golden cross.
A golden cross occurs when a stock’s 50-day moving average crosses above its 200-day moving average, indicating a potential uptrend in the stock’s price. Analysts often view this pattern as a key indication that a stock could be headed for strong gains, especially if the 200-day moving average is sloping upward.
Recent market highs have led investors to shift their focus from technology and AI stocks to small caps, which is where some of these golden cross candidates are emerging. CNBC Pro screened FactSet data to identify stocks on the cusp of forming golden crosses, and we have compiled a list of some of the most promising candidates.
UnitedHealth Group is one stock that has caught our attention, with its stock price up more than 8% in 2024. Analysts are optimistic about the company’s future prospects following strong second-quarter results and efforts to cut costs, which could lead to continued growth in 2025.
Regency Centers, a real estate investment trust specializing in shopping centers, is another stock to watch. Despite a slight dip in its stock price this year, analysts are bullish on Regency’s potential for earnings growth in the coming year.
Kimco Realty, another REIT, has also made the list of golden cross candidates. With a 1% increase in its stock price so far this year, analysts are optimistic about the company’s recent acquisition of RPT Realty and its attractive valuation.
As you consider your investment options, keep an eye on these stocks that are on the verge of forming golden crosses. The potential for strong gains in these companies makes them worth watching as they continue to show signs of bullish momentum. Stay tuned to Extreme Investor Network for more valuable insights and tips to help you maximize your investment portfolio.