Cloudflare's Golden Cross, AI Innovation Signal Next Growth Phase
Cloudflare(NET) Benzinga·2024-11-13 23:16
Cloudflare Inc. NET just flashed a Golden Cross—a classic bullish signal that has technical traders buzzing. Chart created using Benzinga ProCloudflare stock's 50-day moving average has crossed above the 200-day simple moving average (SMA), hinting at potential longer-term strength. At $90.91, Cloudflare stock is above key support levels, including its eight-day and 20-day SMAs of $90.66 and $89.90, respectively. This suggests strong momentum even as some selling pressure occasionally tests its resolve.Read ...