Okta (OKTA) Just Flashed Golden Cross Signal: Do You Buy?
OKTAOkta(OKTA) Zacks Investment Research·2024-01-10 08:34

From a technical perspective, Okta, Inc. (OKTA) is looking like an interesting pick, as it just reached a key level of support. OKTA'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. Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50- ...