Our popular Chart Scanner tool is extremely helpful for chart readers who want to be able to consume a massive amount of charts in a short period of time.  We have a “Screens” section in the Chart Scanner that lets users see charts of stocks that just hit 52-week highs or lows, for example.  Another part of the Screens section shows stocks or ETFs that just experienced a “golden cross.”  If you’re a follower of technical analysis, you know that a “golden cross” is a supposed bullish pattern that occurs when a security’s 50-day moving average crosses above its 200-day moving average as both moving averages are rising.  With the S&P 500 reversing late-September losses and closing at a new high this week, we’re seeing a pick-up in golden crosses these days.  Below is a list of the 16 that showed up in our “Golden Cross” screen after the close yesterday.  You can see the 50-DMA crossing above the 200-DMA very clearly in each of the charts.  A few notables include Citizens Financial (CFG), Fifth Third (FITB), LyondellBasell (LYB), and Marathon Petroleum (MPC).  If you want to monitor prior golden crosses to see how they perform moving forward, all you have to do is click the “Bull” or “Bear” icon on each chart and they’ll show up in your “Saved Charts” folder.  Start a two-week free trial to Bespoke Institutional to start using our Chart Scanner tool today!

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