Vodafone’s Shares Top 118p on 90% Surge, Golden Cross Formation
VOD•Vodafone's share price formed a golden cross as it climbed to 118p, marking its highest level since August 2022. That 118p level represents a 90% gain from its December trough and lifts the market capitalization to over $37 billion ahead of its upcoming earnings report.
1. Share Price Rebound Closes Cycle
Vodafone’s share price has climbed to 118p, its highest level since August 2022, after trading in a tight 110p–116p range for several days. The 118p peak represents a 90% surge from the December trough, reflecting renewed investor interest.
2. Golden Cross Formation Suggests Bullish Momentum
The 50-day moving average recently crossed above the 200-day moving average, triggering a golden cross that technical analysts view as a bullish signal. This pattern has historically preceded further upside but does not guarantee performance.
3. Market Capitalization Exceeds $37 Billion
The stock’s advance has lifted Vodafone’s market capitalization above $37 billion, narrowing the gap with larger European telecom peers. Analysts are reassessing the company’s valuation multiples based on this stronger equity performance.
4. Earnings Report Could Test Strength
Vodafone is due to report its quarterly earnings shortly, and results on revenue growth and free cash flow will be key. Investors will watch guidance on network investment and cost cuts to gauge sustainability of the rally.
