AI
Wednesday, March 25, 2015 11:45:02 AM
Death Cross : A bearish signal generated when the 50-day (short-term) moving average (currently 33.52) crosses below the 200-day (long-term) moving average (currently 33.53).
I an not sure if it really means that much when INTC is so below both averages as the bearish bit has already happened
. It's a trailing indicator in this case and not really indicative of what will happen in the future. Obviously earnings will decide where the stock goes next but when the stock price meets the 50 MA will also be important, i.e. will the 50 MA become support or remain resistance. If it becomes support that will arrest the decline.
I an not sure if it really means that much when INTC is so below both averages as the bearish bit has already happened
. It's a trailing indicator in this case and not really indicative of what will happen in the future. Obviously earnings will decide where the stock goes next but when the stock price meets the 50 MA will also be important, i.e. will the 50 MA become support or remain resistance. If it becomes support that will arrest the decline.
