a tranche of stocks are standing out amid a busy secondquarter earnings season and these names are on the verge of a bullish upward path a golden cross chart pattern is lauded by chart analysts as a bullish indicator put simply this pattern occurs when a stocks 50day moving average crosses above its 200day moving average analysts signal that the pattern is on the verge of occurring when a stocks 200day moving average is sloping upward the trend is often viewed as a positive trend as well especially when taking trading volume into account cnbc pro screened factset data for stocks approaching a golden cross pattern the data stems from the beginning of the year through mondays market close ibm stock is approaching the threshold to form a golden cross chart pattern on monday with a 200day moving average of 13498 and a 50day moving average of 13427 ibm stock closed at 14418 on monday the company recently reported a secondquarter earnings beat with an adjusted 218 per share while analysts polled by refinitiv forecasted 201 per share shares have gained 234 in 2023 as of mondays close qualcomm stock meanwhile has jumped 202 from the start of the year shares closed at 13217 on monday meanwhile qualcomms 50day moving average of 11862 is on the cusp of crossing its 200day moving average of 11937 the company will next report quarterly results on wednesday the chipmaker has seemingly benefited from the explosion of investor interest over artificial intelligence in 2023 a movement that has lifted semiconductor stocks  cnbcs nick wells contributed reporting