21Vianet's Technical Outlook is Bright After Key Golden Cross

Quick Summary:

VNET'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.

From a technical perspective, Vnet Group Inc.(NASDAQ: VNET) is looking like an interesting pick, as it just reached a key level of support.

Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day ...

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Author / Journalist: Zacks

Category: Technology

Markets: United States

Topics: Tech Asia Penny Stocks Contributors Trading Ideas Analyst Ratings Small Cap Technicals News Earnings Markets VNET

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 17:50:18 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 332 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 22309466

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