Investopedia explains 'Golden Cross' As lon
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Posted On: 11/23/2012 3:23:25 AM
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.
Read more: http://www.investopedia.com/terms/g/goldencro...z26esuRXve
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