News Focus
News Focus
icon url

asus

12/03/08 9:54 PM

#16223 RE: asus #16214

The Golden Cross

http://www.investopedia.com/terms/g/goldencross.asp?viewed=1

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.
icon url

asus

12/08/08 10:26 AM

#16344 RE: asus #16214

RLTR Chart - Tasty tasty golden cross forming.