Strategy Shares Form First Golden Cross Since March 2023
Photo: TokenPost
Strategy Inc. (MSTR) shares formed their first golden cross since March 2023 at the Oct. 19 close, as their 50-day price average rose above their 200-day average. The 50-day simple moving average stood at $135.64, compared with $135.52 for the 200-day average. A golden cross occurs when the shorter-term average moves above the longer-term one. The $0.12 difference marks the crossover in the closing readings. Strategy shares were higher one year after 10 of 19 earlier golden crosses. Those past results describe what followed earlier signals; they do not establish a price target for the shares after the Oct.
Source: TokenPost
