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Re: Stock Logics post# 2494

Sunday, 12/20/2009 8:18:21 AM

Sunday, December 20, 2009 8:18:21 AM

Post# of 37067
Chart shows 50 day simple moving avg. crossing upwards over

200 day simple moving avg. Technically, this is a bullish signal. Anytime a short term avg. crosses upward over a longer term avg., it's technically a good sign for the stock price.

Here's an official explanation of the 50 day avg. crossing over the 100 day avg. (Golden Cross). This occurred already.

"What Does Golden Cross Mean?
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




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