Replies to post #34053 on Bulova Technologies Group Inc (fka BTGI)

[Jzientz]

50DMA crossing above 200 if I'm not mistaken.

[sylvanemperor]

What is a 'Golden Cross'

The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 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.


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http://www.investopedia.com/terms/g/goldencross.asp

[deadboy]

Golden cross is when the 50DMA (50 day moving average) crosses over the 200DMA (200 day moving average). Look at the 2 lines on this chart.

http://stockcharts.com/h-sc/ui?s=BTGI&p=D&yr=0&mn=6&dy=0&id=p27039564414

The moving averages show the price trends over time. Going up is good, going down is bad. When a golden cross happens it is recognized as an indication that the overall long term trend has shifted from bearish to bullish. The Golden Cross should happen tomorrow or Wednesday. We should get a flood of new investors as it will be picked up on a ton of screeners.