A slew of stocks in the S & P 500 are on the verge of breaking out on the back of the market rally, according to the so-called golden cross pattern.
CNBC Pro used FactSet data to screen the S & P 500 for stocks that are about to form the bullish chart pattern in which their 50-day moving average breaks above the 200-day trend line.
50DMA has not been on the other side of the 200DMA in the past month.
The retailer has gained more than 4% this week alone amid the broader market rally.
Synchrony Financial has rebounded 10% in the past month, pushing its year-to-date gains to 10%.
Persons:
50DMA
Organizations:
CNBC, BlackRock, Synchrony, Paycom Software