Technical analysis of GCT stock price shows MACD crossing bullish territory, hinting that the recent upward trend may sustain into the next quarter if macro-economic conditions stay favorable. When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. GCT stock price surged early today after a major brokerage updated its guidance to "Buy," citing strong fundamentals and a robust backlog in enterprise cloud services. Price target upgrades are lifting sentiment.
