A handful of stocks could see a rally ahead, according to a bullish price chart pattern closely watched by technical analysts.
Take a look below at the stocks we found, using FactSet data: Disney is one of the companies that is about to form a "golden cross."
The stock has ripped ahead this year, climbing more than 28.5% — just slightly higher than the broader-market's gains.
Cadence Design Systems is another stock that could soon form the chart pattern.
Indeed, analysts polled by FactSet have an overweight rating and $173.05 price target on shares, which implies a possible gain of 6.9%.
Persons:
Daiwa, Disney, Wells Fargo, Joe Quatrochi, Quatrochi, Alastair Syme
Organizations:
Disney, Cadence Design, Nasdaq, Cadence Design Systems, Chevron, FactSet, Citi
Locations:
China