Alphabet’s stock hits ‘death cross’ after earnings, signs of possible turnaround

Alphabet’s stock experienced a significant decline following its earnings report, leading to a technical pattern known as a 'death cross,' MarketWatch reported.

This pattern occurs when a short-term moving average crosses below a long-term moving average, often seen as a bearish signal by traders.

Despite this, MarketWatch noted that certain trading signals hint at a potential reversal, suggesting the worst of the selloff might be over.

Investors and analysts will be watching upcoming market movements closely to see if these signals lead to a sustained recovery in Alphabet’s stock.