That is when the 50 day (or some other average) day crosses the 200 day (or some other average) moving average. It is considered to be bullish to traders. Take a look at a 6 month chart of BCCI and enter the 50 and the 200 day. If things keep progressing in about 2 weeks, give or take. BCCI very well could have a Golden Cross. That would attract more attention, from chart readers.
DEFINITION of 'Golden Cross'
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.
Golden Cross
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.
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