Alexander & Baldwin Holdings, Inc. (ALEX) Now Trades Above Golden Cross: Time to Buy?
Alexander & Baldwin(ALEX) ZACKS·2024-07-29 22:55
From a technical perspective, Alexander & Baldwin Holdings, Inc. (ALEX) is looking like an interesting pick, as it just reached a key level of support. ALEX's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks abo ...