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Stock impact report

Aligos Therapeutics, Inc. (ALGS) Just Flashed Golden Cross Signal: Do You Buy? [Yahoo! Finance]

Aligos Therapeutics, Inc. - Common stock (ALGS) 
Company Research Source: Yahoo! Finance
ALGS 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 moving averages being the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices. A golden cross contrasts with a death cross, another widely-followed chart pattern that suggests bearish momentum could be on the horizon. ALGS could be on the ve Show less Read more
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