Published on 12 May 2024 on Zacks via Yahoo Finance
Lilium N.V. (LILM) Just Flashed Golden Cross Signal: Do You Buy?
Lilium N.V. (LILM) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, LILM's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."
Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts.