If history is any guide, there may be good fortune ahead for shares of Raymond James Financial RJF. A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.
What To Know: Many traders use moving average crossover systems to make their decisions.
When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.
Why It's Important: The 50-day and the 200-day simple moving averages are commonly used.
The golden cross occurs when the 50-day crosses above the 200-day. This could mean the long-term trend is changing.
That just happened with Raymond James Financial, which is trading around $108.11 at publication time.
Remember: Seasoned investors don't blindly trade Golden Crosses.
Instead, they use it as a signal to start looking for long positions based on other factors, like price levels and company fundamentals & events.
For seasoned investors, this is just a sign that it might be time to start considering possible long positions.
With that in mind, take a look at Raymond James Financial's past and upcoming earnings expectations:
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.66 | 1.64 | 1.76 | 1.71 |
| EPS Actual | 1.61 | 1.55 | 2.12 | 2.06 |
| Revenue Estimate | 2.65B | 2.68B | 2.64B | 2.54B |
| Revenue Actual | 2.72B | 2.67B | 2.78B | 2.69B |
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.66 | 1.64 | 1.76 | 1.71 |
| EPS Actual | 1.61 | 1.55 | 2.12 | 2.06 |
| Revenue Estimate | 2.65B | 2.68B | 2.64B | 2.54B |
| Revenue Actual | 2.72B | 2.67B | 2.78B | 2.69B |
Do you use the Golden Cross signal in your trading or investing? Share this article with a friend if you found it helpful!
This article was generated by Benzinga's automated content engine and reviewed by an editor.
"exciting" - Google News
September 15, 2022 at 09:53PM
https://ift.tt/oUOsg7E
Raymond James Financial (NYSE:RJF) – Will Investors Notice Exciting Sign On Raymond James Financial's Cha - Benzinga
"exciting" - Google News
https://ift.tt/9wFapAS
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update
Bagikan Berita Ini
0 Response to "Raymond James Financial (NYSE:RJF) – Will Investors Notice Exciting Sign On Raymond James Financial's Cha - Benzinga"
Post a Comment