Friday, July 08, 2016 2:41:20 PM
ICNB "Golden Cross" - Signal to Go Long!
BREAKING DOWN 'Golden Cross'
As long-term indicators carry more weight,
the Golden Cross indicates
a bull market on the horizon
and is reinforced by high trading volumes .
Additionally,
the long-term moving average
becomes the new support level in the rising market.
Technicians might see this cross
as a sign that the market
has turned in favor of the stock.
http://www.investopedia.com/terms/g/goldencross.asp?o=40186&l=dir&qsrc=999&qo=investopediaSiteSearch
BREAKING DOWN 'Golden Cross'
As long-term indicators carry more weight,
the Golden Cross indicates
a bull market on the horizon
and is reinforced by high trading volumes .
Additionally,
the long-term moving average
becomes the new support level in the rising market.
Technicians might see this cross
as a sign that the market
has turned in favor of the stock.
http://www.investopedia.com/terms/g/goldencross.asp?o=40186&l=dir&qsrc=999&qo=investopediaSiteSearch
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