The Exact Sciences Stock Chart Suggests Higher Prices
Exact Sciences shares are trading firmly above the uptrend line, which suggests that higher prices are likely to continue. This bullish view is further supported by the golden cross that was generated in July 2016.
A golden cross is a bullish indicator that is produced when the faster 50-day moving average (highlighted in blue) crosses above the slower 200-day moving average (highlighted in red). This indicator is popular among investors because it is used to confirm that a bull market is development. This indicator was generated in July 2016, and there are no signs that this indicator will avert any time soon. This is because EXAS stock is currently trading above both moving averages that generated this bullish indicator.
In January 2017, a bullish MACD cross was generated, indicating that the bullish momentum was once again propelling Exact Sciences stock. The path of least resistance is now geared toward higher prices. This indicator effectively confirmed that the consolidation wave had concluded, and served to suggest that a new impulse wave was in development.
A golden cross is a bullish indicator that is produced when the faster 50-day moving average (highlighted in blue) crosses above the slower 200-day moving average (highlighted in red). This indicator is popular among investors because it is used to confirm that a bull market is development. This indicator was generated in July 2016, and there are no signs that this indicator will avert any time soon. This is because EXAS stock is currently trading above both moving averages that generated this bullish indicator.
In January 2017, a bullish MACD cross was generated, indicating that the bullish momentum was once again propelling Exact Sciences stock. The path of least resistance is now geared toward higher prices. This indicator effectively confirmed that the consolidation wave had concluded, and served to suggest that a new impulse wave was in development.