Published on 29 Mar 2024 on Zacks via Yahoo Finance
After Golden Cross, J.Jill (JILL)'s Technical Outlook is Bright
From a technical perspective, J.Jill, Inc. (JILL) is looking like an interesting pick, as it just reached a key level of support. JILL's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.
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.