First Interstate BancSystem (FIBK)'s Technical Outlook is Bright After Key Golden Cross
First Interstate BancSystem(FIBK) zacks.com·2024-05-22 22:56
After reaching an important support level, First Interstate BancSystem, Inc. (FIBK) could be a good stock pick from a technical perspective. FIBK recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average. 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 ...