Snowflake AI Revolution Gains Traction, Stock Forms Golden Cross
Snowflake(SNOW) Benzinga·2024-12-17 02:26
Snowflake Inc. SNOW is turning heads in the market with its recently formed a Golden Cross — a bullish technical pattern where the 50-day moving average crosses above the 200-day moving average. Chart created using Benzinga ProAt $168.97, the stock price reflects strong momentum, sitting well above both the 50-day SMA (simple moving average) of $138.86 and the 200-day SMA of $138.20. The MACD (moving average convergence/divergence) indicator stands at a bullish 10.42, reinforcing the stock's upward trajecto ...