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Friday, November 10, 2017 12:20:15 AM
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Investopedia explains '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.
Read more: http://www.investopedia.com/terms/g/goldencross.asp#ixzz26esuRXve
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