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Saturday, March 10, 2012 12:33:07 PM
Nice! Looks to me like the 50 is making a move towards the 200... Isn't that some special cross or something?
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What Does Golden Cross Mean?
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.
Golden Cross:
http://www.investopedia.com/terms/g/goldencross.asp#axzz1bjfcgyJp
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