Economatica has powerful technical analysis tools. We used the Economatica system to highlight all stocks whose 50-day SMA crossed over their 200-day SMA. There were 23 stocks meeting this criteria, out of a universe of 3,600 stocks screened.
As a general rule, traders consider a bullish sign when the 50-day moving average crosses above the 200-day moving average. This is commonly known as Golden Cross and it’s a very popular technical indicator.
The oil giant Exxon Mobil Corporation is the largest company by market capitalization making our list. With a market capitalization of 341 billion USD, its 50-day SMA of 79.52 just crossed over its 200 SMA of 79.41.
The Pharmaceutical and Medicine Manufacturing sector had the highest number of companies making the cut, with 5 out of the 23 stocks that met the screening criteria being part of this sector.
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