Strategy Shares Close $0.68 Short of Golden Cross After 9.56% Drop
Photo: TokenPost
Strategy Inc. (MSTR) finished Friday with its 50-day share-price average $0.68 below its 200-day average, leaving a golden cross unformed after the stock’s 9.56% decline . At the 4 p.m. ET (20:00 UTC) close, the 50-day average stood at $134.92 and the 200-day average at $135.60. Strategy shares closed at $136.83. A golden cross forms when the shorter moving average rises above the longer one. Although Strategy’s closing share price was above both averages, the averages themselves had not crossed. The $0.68 gap was between those two measures, rather than between the share price and either average.
Source: TokenPost
