If history is any guide, there could be good luck ahead for the shares sanofi sny, A so-called “Golden Cross” has formed on its charts and it’s no surprise that it could be bullish for the stock.
what to know: Many traders use the Moving Average crossover system for their decision making.
When a shorter-term average price exceeds a longer-term average price, it can mean that the stock is trending higher. If the short-term average price moves below the long-term average price, it means that the trend is down.
Why this is important: Commonly used are the 50-day and 200-day simple moving averages.
The golden cross occurs when the 50 day crosses above the 200 day. This may mean that the long-term trend is changing.
That’s what happened with Sanofi, which was trading at around $49.14 at the time of publication.
remember: Experienced investors do not trade the golden cross indiscriminately.
Instead, they use it as a signal to begin looking for long positions based on price levels and other factors such as company fundamentals and events.
For seasoned investors, this is just a sign that it may be time to start considering a potential long position.
With that in mind, here’s a look at Sanofi’s past and upcoming earnings expectations:
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.33 | 0.87 | 0.92 | 0.72 |
| eps actual | 1.45 | 0.93 | 1.09 | 0.79 |
| revenue forecast | 11.38b | 9.94b | 10.03b | 11.32b |
| revenue actual | 12.58b | 10.78b | 10.86b | 11.43b |
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.33 | 0.87 | 0.92 | 0.72 |
| eps actual | 1.45 | 0.93 | 1.09 | 0.79 |
| revenue forecast | 11.38b | 9.94b | 10.03b | 11.32b |
| revenue actual | 12.58b | 10.78b | 10.86b | 11.43b |
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.