Will Investors Notice Exciting Sign On BeiGene's Chart?

If history is any guide, there may be good fortune ahead for shares of BeiGene BGNE. A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.

What To Know: Many traders use moving average crossover systems to make their decisions.

When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.

Why It's Important: The 50-day and the 200-day simple moving averages are commonly used.

The golden cross occurs when the 50-day crosses above the 200-day. This could mean the long-term trend is changing.

That just happened with BeiGene, which is trading around $186.79 at publication time.

Remember: Seasoned investors don't blindly trade Golden Crosses.

Instead, they use it as a signal to start looking for long positions based on other factors, like price levels and company fundamentals & events.

For seasoned investors, this is just a sign that it might be time to start considering possible long positions.

With that in mind, take a look at BeiGene's past and upcoming earnings expectations:

Quarter Q3 2022 Q2 2022 Q1 2022 Q4 2021
EPS Estimate -4.01 -3.97 -4.73 -5.17
EPS Actual -5.39 -5.56 -4.24 -6.16
Revenue Estimate 385.77M 318.00M 288.28M 306.68M
Revenue Actual 387.63M 341.57M 306.63M 213.98M

Quarter Q3 2022 Q2 2022 Q1 2022 Q4 2021
EPS Estimate -4.01 -3.97 -4.73 -5.17
EPS Actual -5.39 -5.56 -4.24 -6.16
Revenue Estimate 385.77M 318.00M 288.28M 306.68M
Revenue Actual 387.63M 341.57M 306.63M 213.98M

Also consider this overview of BeiGene analyst ratings:

Do you use the Golden Cross signal in your trading or investing? Share this article with a friend if you found it helpful!

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-CROSSMarketsMoversTrading Ideas