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Stock impact report

Cassava Sciences, Inc. (SAVA)'s Technical Outlook is Bright After Key Golden Cross [Yahoo! Finance]

Cassava Sciences, Inc. (SAVA) 
Last cassava sciences, inc. earnings: 8/12 08:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
SAVA recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average. A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages being the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. There are three stages to a golden cross. First, there must be a downtrend in a stock's price that eventually bottoms out. Then, the stock's shorter moving average crosses over its longer moving average, triggering a positive trend reversal. The third stage is when a stock continues the upward momentum to higher prices. A golden cross contrasts with a death cross, another widely-followed chart pattern that suggests bearish momentum could be on the horizon. Over the past four weeks, SAVA has gain Show less Read more
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