Cassava Sciences, Inc. (SAVA)'s Technical Outlook is Bright After Key Golden Cross
SAVACassava Sciences(SAVA) zacks.com·2024-05-23 22:56

After reaching an important support level, Cassava Sciences, Inc. (SAVA) could be a good stock pick from a technical perspective. SAVA recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average. A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common ...