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Hopeful Golden Cross Forms On Sociedad Quimica Y Minera's Chart

If history is any guide, there may be good fortune ahead for shares of Sociedad Quimica Y Minera(NYSE:SQM). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.

Benzinga · 09/24/2021 10:34

If history is any guide, there may be good fortune ahead for shares of Sociedad Quimica Y Minera(NYSE:SQM). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.

What To Know: Many traders use moving average crossover systems to make their decisions.

When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.

Why It's Important: The 50-day and the 200-day simple moving averages are commonly used.

The golden cross occurs when the 50-day crosses above the 200-day. This could mean the long-term trend is changing.

That just happened with Sociedad Quimica Y Minera, which is trading around $55.16 at publication time.

signals

Remember: Seasoned investors don't blindly trade Golden Crosses.

Instead, they use it as a signal to start looking for long positions based on other factors, like price levels and company fundamentals & events.

For seasoned investors, this is just a sign that it might be time to start considering possible long positions.

With that in mind, take a look at Sociedad Quimica Y Minera's past and upcoming earnings expectations:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020
EPS Estimate 0.32 0.25 0.20
EPS Actual 0.31 0.26 0.25 0.01
Revenue Estimate 548.54 M 508.81 M 479.07 M 464.60 M
Revenue Actual 588.00 M 528.50 M 513.80 M 452.90 M

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