Globus Maritime shares surge 21.01% intraday as Golden Cross signals potential bullish breakout.

Globus Maritime surged 21.01% intraday following the formation of a Golden Cross, a technical indicator where the short-term moving average crosses above the long-term, signaling potential bullish momentum. The stock, which has underperformed over the past year (-6.21%), recently outperformed the S&P 500 with a 15.74% weekly gain, driven by renewed investor optimism. The Golden Cross, coupled with a bullish MACD on a weekly basis, has attracted attention to the microcap transport services firm, despite its steep five-year decline of -85.3%. The intraday rally reflects immediate technical trading activity capitalizing on the perceived turnaround in momentum, though longer-term challenges remain.