If history is any guide, there may be good fortune ahead for shares of JD.com JD. 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 JD.com, which is trading around $60.73 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 JD.com's past and upcoming earnings expectations:
Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
---|---|---|---|---|
EPS Estimate | 0.63 | 0.40 | 0.24 | 0.24 |
EPS Actual | 0.88 | 0.61 | 0.40 | 0.35 |
Revenue Estimate | 34.42B | 38.63B | 34.82B | 43.36B |
Revenue Actual | 34.24B | 39.95B | 37.80B | 43.30B |
Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
---|---|---|---|---|
EPS Estimate | 0.63 | 0.40 | 0.24 | 0.24 |
EPS Actual | 0.88 | 0.61 | 0.40 | 0.35 |
Revenue Estimate | 34.42B | 38.63B | 34.82B | 43.36B |
Revenue Actual | 34.24B | 39.95B | 37.80B | 43.30B |
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.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.