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SoFi Technologies, Inc. (SOFI) Now Trades Above Golden Cross: Time to Buy?
SOFISoFi Technologies(SOFI) ZACKS·2024-10-08 22:55

From a technical perspective, SoFi Technologies, Inc. (SOFI) is looking like an interesting pick, as it just reached a key level of support. SOFI's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world. There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longe ...