Apple could get a much-needed boost to its stumbling stock in the form of a bullish chart pattern. The iPhone maker appears poised to form a "golden cross," a chart pattern that emerges as a stock's short-term 50-day moving average exceeds its long-term moving average, typically measured over 200 days. The technical indicator is widely viewed as a sign that an asset's price will surge. Apple's 50-day average sits at $221.03 as of Friday, while its 200-day average is $221.49. The potentially bullish technical move comes as the "Magnificent Seven" stock underperforms its peers. Apple is down roughly 8% in the year to date. Other megacap technology stocks such as Nvidia and Meta Platforms are up more than 40% during that time. Apple has faced several headwinds over the past year, including la
Apple is close to forming a bullish golden cross chart pattern

51