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Hopeful Golden Cross Forms On United Airlines Holdings's Chart

If history is any guide, there may be good fortune ahead for shares of United Airlines Holdings (NASDAQ:UAL). 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 United Airlines Holdings, which is trading around $45.29 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 United Airlines Holdings's past and upcoming earnings expectations:

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -4.21 -2.08 -1.63 -4.23
EPS Actual -4.24 -1.60 -1.02 -3.91
Revenue Estimate 7.68B 7.99B 7.64B 5.25B
Revenue Actual 7.57B 8.19B 7.75B 5.47B

Also consider this overview of United Airlines Holdings analyst ratings:

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.

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