Strategy Shares Rose One Year After 10 of 19 Past Golden Crosses

Strategy Inc. (MSTR) shares neared another golden cross as their moving averages converged, but only 10 of 19 earlier signals were followed by gains a year later. A golden cross occurs when the 50-day moving average rises above the 200-day average. Strategy’s 50-day average was approaching its 200-day average. The potential crossover had not been confirmed. Since 1999, Strategy shares have been higher 12 months after 10 of 19 golden crosses, a rate of 52.6%. The median 12-month return was 3.3%. Shares rose over the following three months in 11 cases.

Source: TokenPost