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Stock impact report

Should You Buy Gossamer Bio (GOSS) After Golden Cross? [Yahoo! Finance]

Gossamer Bio, Inc. (GOSS) 
Last gossamer bio, inc. earnings: 3/24 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Recently, GOSS's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross." 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. This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement. GOSS has rallied 73.6% over the past four weeks, an Show less Read more
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