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Will Chart Analysts Notice Bad Omen on FactSet Research Systems's Chart

By Benzinga Insights

If history is any guide, there may be trouble ahead for shares of FactSet Research Systems (NYSE:FDS). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish 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 death cross occurs when the 50-day moves below the 200-day. This could mean the long-term trend is changing.

That just happened with FactSet Research Systems, which is trading around $366.30 at publication time.

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

Instead, they use it as a signal to start looking for short 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 short positions.

With that in mind, take a look at FactSet Research Systems's past and upcoming earnings expectations:

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 2.97 2.99 2.72 2.74
EPS Actual 3.27 3.25 2.88 2.72
Revenue Estimate 426.38M 419.13M 404.97M 397.92M
Revenue Actual 431.12M 424.73M 411.89M 399.56M

Also consider this overview of FactSet Research Systems analyst ratings:

Do you use the Death Cross signal in your trading or investing? Share this article with a friend if you found it helpful!

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Dive Deeper:
Will Chart Analysts Notice Bad Omen on CNH Industrial's Chart
If history is any guide, there may be trouble ahead for shares of CNH Industrial (NYSE:CNHI). A so-called "death cross"…
Will Chart Analysts Notice Bad Omen on Charles Schwab's Chart
If history is any guide, there may be trouble ahead for shares of Charles Schwab (NYSE:SCHW). A so-called "death cross"…
A Bearish Sign Appears On Fox's Chart
If history is any guide, there may be trouble ahead for shares of Fox (NASDAQ:FOXA). A so-called "death cross" has…
Ominous Death Cross Forms On Fortinet's Chart
If history is any guide, there may be trouble ahead for shares of Fortinet (NASDAQ:FTNT). A so-called "death cross" has…
One subscription that gives you access to news from hundreds of sites
This Foreboding Sign Looms Over Canadian Imperial Bank's Chart
If history is any guide, there may be trouble ahead for shares of Canadian Imperial Bank (NYSE:CM). A so-called "death…
Ominous Death Cross Forms On JB Hunt Transport Servs's Chart
If history is any guide, there may be trouble ahead for shares of JB Hunt Transport Servs (NASDAQ:JBHT). A so-called…
Get all your news in one place