Tuesday, February 20, 2007 10:59:51 AM
Here's 3 Golden Crosses to Watch:
Ad1, If you find any more golden crosses, let's post em so we can track their progress. SGCR took off 3 weeks after the cross was formed.
Golden Cross:
http://www.investopedia.com/terms/g/goldencross.asp
A crossover involving a security's short-term moving average (such as 15-day moving average) breaking above its long-term moving average (such as 50-day moving average) or resistance level.
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.
Ad1, If you find any more golden crosses, let's post em so we can track their progress. SGCR took off 3 weeks after the cross was formed.
Golden Cross:
http://www.investopedia.com/terms/g/goldencross.asp
A crossover involving a security's short-term moving average (such as 15-day moving average) breaking above its long-term moving average (such as 50-day moving average) or resistance level.
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.
Beware Bull's Ready to Run - Before investing $ do your own dd. All posts are my opinion.
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