A few stocks are developing a bullish chart pattern that indicates a breakout may be in store. A golden cross is a chart pattern in which a stock’s 50-day moving average moves above its 200-day average. The move serves as an indication to investors that shares could see big gains, and it is considered most significant by analysts when the 200-day moving average is sloping upward. The patterns come as September has proved to be a tough market. Though stocks recovered from last month’s global market rout , closing out the month of August higher, the three major averages have started off the new trading month in the red. The Dow Jones Industrial Average , S & P 500 and the Nasdaq Composite have each fallen more than 1% month to date. In Wednesday’s session specifically, stocks teetered , sliding in the morning’s trading after the core consumer price index increased slightly in August before paring back losses later in the day. Given the more volatile backdrop, CNBC Pro screened FactSet for stocks that are forming or approaching a golden cross pattern. Below are some of the names we found, and they are on the more defensive side. Cardinal Health Of the three names developing the pattern, Cardinal Health is the only one whose shares have surged this year, rising more than 12%. The health-care stock has a 50-day moving average of $103.31 and is approaching its 200-day moving average of $104.14. If the trend continues, the pattern signals a potential golden cross. This comes after Cardinal Health’s quarterly results last month beat Wall Street’s expectations, sending the stock more than 3% higher . The prescription drug distributor raised its non-GAAP earnings forecast for fiscal 2025, which began in July, to a range of $7.55 to $7.70 per share. Previously, the company had projected it would earn at least $7.50 per share. The company has been dealing with volatile shipping prices, but has said conditions have improved since the pandemic-era disruptions. MarketAxess Holdings Meanwhile, the 50-day moving average of $230.11 for MarketAxess Holdings has already surpassed its 200-day moving average of $228.36, indicating possible future gains. While shares this year have plummeted more than 13%, they’ve risen more than 29% in the past three months. The Street is largely neutral on the name, with nine of the 14 analysts covering the stock issuing hold ratings. The average price target is $244.73, which implies more than 3% downside ahead from Wednesday’s close. SBA Communications SBA Communications has also seen a more notable golden cross move. Its 50-day moving average of $218.04 has also already passed its 200-day moving average of $215.18. Like MarketAxess, SBA has seen losses this year, but shares have rallied in recent months. The stock is down nearly 5% year-to-date but up more than 25% in three months. Though, unlike MarketAxess, analysts are largely bullish on SBA. In fact, 13 of the 18 analysts covering it have issued strong buy or buy ratings, and the average price target of $242.87 implies almost 1% upside, as of Wednesday’s close.