AmerisourceBergen Corporation (NYSE: ABC), a pharmaceutical services company, just formed a golden cross.
A golden cross is a bullish signal that usually indicates a stock’s share price will rise over the near-term.
As you can see on the chart above, a golden cross occurs when the 50-day moving average (purple line) crosses above the 200-day moving average (green line).
My team of traders believe this move signals the company’s share price could gain up to 7% over the near-term.
Consider buying ABC today.
© Chart courtesy of Today’s Profits. All rights reserved.